Excess Liability insurance elevates the concept of peace of mind for business owners. Working in tandem with your primary insurance package, it provides coverage for risks that surpass the financial limits of your primary policy.
This type of insurance comes into play once your primary policy has reached its payout limit. The excess liability policy then steps in to cover any remaining expenses.
The terms “excess liability insurance” and “umbrella insurance” are often used interchangeably, though the distinction between the two can be somewhat blurry. While some insurers differentiate between the two because umbrella policies cover risks and conditions not included in regular coverage, excess liability insurance simply extends the payout over specific underlying policies only. Check with your carrier to ascertain the specifics of your policy. We are here to help.
