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Best Price Excess Liability Insurance in Des Moines, Iowa

Excess Liability Insurance

Excess Liability provides additional liability limits in $1,000,000 increments over underlying policies, such as general liability and commercial auto. Extra liability requirements are expected when working on commercial or high-value residential projects.

For Example: You are working on a house worth $1,500,000, and while working you accidentally cause the house to burn down, your existing general liability policy will only pay $1,000,000 for any single loss. You will be stuck owing the remaining $500,000!

There is no substitute for experience, so if you're trying to find the best possible excess liability in your location, you have come to the right place! Place your business in the capable hands of Pascal Burke Insurance Brokerage today!

When Do You Need Excess Liability Insurance?

  • Contractual requirements specify higher liability limits than what is offered by your General Liability and Commercial Auto alone.
  • You are working on projects with values greater than $1,000,000.
  • Excess Liability insurance is a type of policy that provides limits that exceed the underlying liability policy. It does not broaden the stated coverage but will offer higher limits on the original policy. The primary purpose of Excess Liability insurance is to add layer of protection in case the underlying insurance is exhausted of all possible resources.

Protecting your business means defending yourself against the fiscal risk of lawsuits and claims. For many businesses, one single lawsuit could be financially disastrous. Commercial property insurance protects your business assets and keeps your business running.

Typical Excess Liability Coverage for Contractors

Excess Liability

Limits (* See note below)
$1,000,000
Notes
  1. Excess Liability should be added to the policy is the insured perform “Hot Work” applications on structures with value more than $1M.

What is covered?

  • Covered Losses above the first $1,000,000 of the underlying policy.
  • Types of policies that you can write over, General Liability and Commercial Auto
  • The First Layer of coverage begins at $1,000,000. Once the underlying policy has paid out its limits, the excess policy will start to pay this claim over $1,000,000. This policy will not respond to claims within the first $1,000,000 of the underlying policy.

What is not covered?

  • The first $1,000,000 in coverage. Your GL coverage is responsible to cover the first $1,000,000 of the claim.
  • Gaps that in the underlying policy, sub-limits that are below the $1,000,000, the excess policy does not drop down to the sublimit, or broaden coverage, but follows the coverage of the underlying policy.
  • Legal defence liability, the underlying policy defence must be outside the limits of liability; the excess liability will only pay the indemnity cost above the first $1,000,000, excluding defense.

The Best Excess Liability Insurance to get you on the job safely in Des Moines, Iowa

If you're running a contracting service, you most likely currently know how easily things can go wrong. From broken equipment to injured employees, and everything in between, building and construction is a hazardous industry where accidents happen every day. Being so, there are few things more vital to your contracting company than insurance that will cover you totally when hard times fall. So if you're trying to find the best possible license bond in Des Moines, Iowa, you’ve arrived - put your company in the capable hands of Pascal Burke Insurance Brokerage today!

Where Contractors Go to Get Insured!

We are specialist in an array of policies that cover not only general cases but specialty contractors. Check out how we can help you below.

Why us

Many contracting insurance brokers have business diplomas and briefcases - they might understand the stats, however they don't have the facts. When you select Pascal Burke Insurance Brokerage, Inc., you're drawing from decades of experience in the building and construction industry. Having been in the field ourselves, we know your insurance needs like the back of our hands - hands that are still calloused from the work you do everyday. Some things just can't be taught - they must be lived. So, if you want insurance coverage brokers who'll treat your company as they would their own, we're the ones for you. Let's build something.

About us

In 1974, our founder and president Pascal Burke began his career in construction as an architect’s apprentice, but his heart was in building so he joined a large concrete company, building parking structures and sports stadiums, After a few years he began his own construction company specializing in parking structures until 2005, he then joined the board of directors of an insurance company that specialized in contractors general liability. After 4 years, he began Pascal Burke Insurance Brokerage, Inc. Since this beginning we have specialized in contractors’ insurance and are licensed in over 40 states. We truly know contractors from the ground up!

Indianapolis colloquially known asIndy, is thestate capitalandmost-populous cityof theU.S. stateofIndianaand theseatofMarion County. According to theUnited States Census Bureau, the consolidated population of Indianapolis and Marion County in 2020 was 977,642.The 'balance' population, which excludes semi-autonomous municipalities in Marion County, was 887,642.It is the15th most populouscity in the U.S., the third-most populous city in theMidwest, afterChicago,IllinoisandColumbus, Ohio, and the fourth-most populous state capital afterPhoenix, Arizona;Austin, Texas; and Columbus. TheIndianapolis metropolitan areais the33rd most populousmetropolitan statistical areain the U.S., with 2,048,703 residents.Itscombined statistical area ranks 28th, with a population of 2,431,361.Indianapolis covers 368 square miles (950km2), making it the19th largest city by land areain the U.S.

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