Commercial Umbrella Program

AAIS Coverage Form

March 2005

Summary: The American Association of Insurance Services (AAIS) offers a commercial umbrella policy, UM 0200, that applies to both excess liability and umbrella liability. This article presents the form's insuring agreements, exclusions, conditions, and definitions. An analysis of these features follows the presentation.

Some parts of UM 0200 are similar to the Insurance Services Office (ISO) umbrella policy and these similarities will be noted but not reproduced in this article. Also, UM 0200 itself has parts that are repeated and these will be noted but not reproduced.

Topics covered:

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Coverage E—Excess Liability

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