Umbrella and Excess Liability

Commercial Umbrella Insurance Q&A:

Do Umbrella and Excess Liability policies cover the same risks as the underlying policies?

Typically, yes. The Umbrella Liability policy can cover exclusions, conditions, or terms not found in the underlying policy, while the Excess Liability policy broadens coverage for the exclusions, conditions, or terms found in the underlying policy.

If my underlying policies are with a different company, can I still purchase an Umbrella policy?

Yes, you can; however, it is easier to implement an umbrella policy with the company that currently insures your general liability, employer liability, or auto liability.

What is the difference between Commercial Umbrella Liability and Excess Liability Insurance?

Commercial Umbrella Liability and Excess Liability Insurance supplement underlying policies by providing coverage for losses not covered by the underlying policies. The umbrella policy can cover multiple underlying policies and claims not covered in the standard policies, whereas the excess liability policy will only cover what is included in the standard policy.