Umbrella & Excess Liability

Umbrella & Excess Liability is often considered a “safety net” when the loss exceeds the liability limits provided by the underlining policy. Any major accident (commercial Auto, Workers Compensation) can drain a company’s bank account.

Umbrella Policy can go over the limits of General Liability, Workers Compensation and Commercial Auto.

Excess Liability works the same way and Umbrella Liability whereas it pays the remaining balance when one of the three policies comes up short in paying the remaining balance. The Difference is that excess can be applies to only one underlining policy.