Ultimately, there are two types of excess liability insurance; an essential difference is between excess liability insurance and umbrella liability insurance.

Excess liability insurance pays for claims over existing policy limits based on the underlying scope of coverage only or what is often referred to as a follow-form basis. Separately, umbrella liability insurance serves three purposes:

• It provides surplus limits when the payment depletes the limits of underlying liability policies of claims.
• When the aggregate amount of the underlying policy is exhausted by claim payments, it falls and picks up where the underlying policy leaves off.
• It covers some claims not covered by the underlying policies, subject to the named insured's assumption of a self-insured retention (SIR).

• Lawsuits and legal expenses related to your business
• Property damage and bodily injury cases such as slips and falls
• Additional protection for your Commercial Auto insurance policy

And other excess liabilities on top of your primary policy.

Talk to us today to know more about Excess Liability insurance.