Umbrella/Excess Solutions

Commercial Umbrella Coverage

The Commercial Umbrella policy provides additional layers or limits of coverage and can extend 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. Umbrella policies will often provide additional coverage not available through the underlying policy(s). Commercial Umbrella policy limits range from $1 Million up to $100 Million with Self Insured Retentions (SIR) 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.

Commercial Excess Coverage

The Commercial Excess policy provides additional layers or limits of coverage and can also extend 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 and does not usually provide additional coverage for the underlying policy. Commercial Excess policy limits range from $1 Million up to $100 Million with Self Insured Retentions (SIR) 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.

Personal Umbrella Coverage

The Personal Umbrella policy provides additional layers or limits of coverage for personal exposure. This policy typically extends limits of protection over a Homeowner’s policy, a personal Auto policy, a Motorcycle policy, a Second Home or Rental Property policy, Golf Cart policy, etc. Personal Umbrella limits range from $1 Million up to $25 Million and are offered by many admitted and non-admitted insurers. Taking into account the comprehensive scope and limits of the coverage versus the competitive premium cost, the Personal Umbrella policy is considered one of the best values of all the various insurance policies.