In the present-day world of large-loss settlements and high defense costs, a commercial umbrella/excess policy is critical coverage for anyone who owns a business, affording protection for catastrophic or financially crippling liability losses–which, if uninsured, could destroy an organization.
Coverage usually steps in with excess limits over and above the primary or underlying policy, including general liability, employer's liability, auto liability, and liquor and professional liability.
Commercial umbrella/excess limits is coverage that agents should be recommending to their clients as well as including an optional premium quotation along with new or renewal primary limits on general liability and professional accounts.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
