Umbrella Liability Insurance

Excess liability coverage above the limits of a basic business liability insurance policy such as the owners, landlords and tenants liability policy. For example, if a basic policy has a limit of $500,000, and it is exhausted by claims, the umbrella will pay the excess above $500,000 up to the limit of the umbrella policy, which may be as high as $10,000,000, $25,000,000 or more. The umbrella policy also fills gaps in coverage under basic liability policies.