An Excess Liability Policy provides additional coverage beyond the limits of your existing General Liability, Commercial Auto, or Employers’ Liability policies. This type of insurance is essential for businesses seeking enhanced protection against large claims or lawsuits, ensuring that your assets are well-guarded against unforeseen financial risks.
o Offers higher liability limits than standard policies, providing an extra layer of protection against catastrophic losses
o Helps cover large settlements or judgments that exceed the limits of your primary insurance policies
o Generally covers claims that fall within the scope of your primary policies, including bodily injury, property damage, and personal injury
o Can also address gaps in coverage that might exist in your underlying policies
o In many cases, the policy also covers legal defense costs associated with claims that exceed your primary policy limits
o This can significantly alleviate the financial burden of prolonged legal battles
o Provides reassurance that your business is protected against significant, unexpected liabilities
o Essential for businesses in high-risk industries or those with substantial assets to protect
o Additional coverages may include:
Safeguards your business assets and net worth from potentially devastating claims
Policies can be tailored to meet the specific needs and risks of your business, ensuring appropriate coverage levels.
Having excess liability coverage can enhance your business's reputation and trustworthiness, making it more appealing to clients and partners.
Excess Liability Policies are available for various types of businesses, regardless of size or industry. Eligibility may depend on factors such as the nature of your operations, existing coverage levels, and claims history.
An Excess Liability Policy is a vital component of a comprehensive risk management strategy, providing essential protection for businesses facing large-scale claims. By securing this additional coverage, you can operate with confidence, knowing that you have safeguards in place for your most valuable assets. Contact us today to learn more about how an Excess Liability Policy can enhance your business protection and to get a personalized quote.
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