Commercial Umbrella/Excess Liability Insurance
Commercial Umbrella or Excess Liability Insurance increases a company's liability limit. An umbrella policy adds to the liability limit of the underlying liability policies to offer additional protection. Whereas, an Excess Liability policy covers you for increased liability limits for a specific insurance policy.
A Commercial Umbrella or Excess Liability policy responds to eligible losses after the primary or underlying liability insurance limit has been reached. In the event of a loss, the liability portion of the underlying policy is the first to respond.