Email Address [email protected]
Phone Number 877-893-7629
Office Base Irvine, California
Email Address [email protected]
Phone Number 877-893-7629
Home Base Irvine, California

Umbrella / Excess Insurance

Call for a Quote 877-893-7629

Where Contractors Go to Get 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.

An example: While working on a home worth $1,500,000 you unintentionally cause the house to burn down. Your existing general liability policy will only pay $1,000,000 for any single loss, therefore you will be stuck owing the remaining $500,000!

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.

Excess Liability Insurance Policy Coverage

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.
  • Any gaps within the underlying policy, sub-limits below the $1,000,000 will not drop down to the sublimit or broaden coverage, but will follow 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 defence.

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