Umbrella/Excess Policies
Contractors, Attorneys and any Professionals may find the need of additional coverage for their business. The Commercial Umbrella policy provides additional layers or limits of coverage and extends the occurrence and aggregate limits of the Primary insurance policies. Typically, Commercial Umbrella policies provide additional limits over Commercial General Liability policies, Commercial Auto policies, and Garage policies. Commercial Umbrella policy limits range from $1 Million up to $100 Million with Self-Insured Retentions typically set at $10,000. Commercial Umbrella policies are offered by many admitted and non-admitted insurers. It is recommended that the Commercial Umbrella policy period be written on a concurrent basis with the underlying policies.

Similarly, the Commercial Excess policy provides additional layers or limits of coverage and extends the occurrence and aggregate limits of the Primary insurance policy. Typically, Commercial Excess policies provide additional limits over Commercial General Liability policies, Commercial Auto policies, and Garage policies, but only on an individual basis. Commercial Excess policy limits range from $1 Million up to $100 Million with Self-Insured Retentions of $10,000. Commercial Excess policies are offered by admitted and non-admitted insurers. It is recommended that the Commercial Excess policy period be written on a concurrent basis with the corresponding underlying policy.

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