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Commercial Insurance

Umbrella or Excess Coverage

Basic insurance limits have remained unchanged for over 30 years, but limits that fit in the 1980s have been eroded by inflation. For instance a company that needed a $1 million limit in 1980 would need $2.7 million in 2011 just to keep even with inflation. In reverse, buying a $1 million limit today is the equivalent of a $369,000 limit in 1980.

To help organizationsí limits keep pace with their needs, umbrella and excess liability insurance provide additional layers of coverage. Umbrella allow for additional coverage across an entire organization, while excess policies target a specific exposure, such as products liability or auto liability.

  • Additional limits from $1 million to $100+ million
  • Computer modeling can help determine excess liability exposure
  • Additional limits are often required by contacts or state/federal mandates