Umbrella & Excess Liability Insurance
In the design and construction industry, a single severe loss — such as a catastrophic auto accident or multi-party bodily injury claim — can exceed the limits of a primary liability policy. Umbrella and Excess Liability insurance is designed to provide additional limits above underlying policies, subject to the terms, conditions, exclusions, and limitations of the policy issued.
Coverage structure varies based on underlying limits, operational exposures, and available market capacity.
1
Additional Liability Limits
Umbrella and Excess policies are intended to provide increased liability limits above General Liability, Auto Liability, and, where eligible, Employers Liability coverage.
2
Layered Coverage Structure
Excess coverage is typically structured in layers above primary policies. Terms may follow the underlying coverage form or apply carrier-specific provisions, depending on the policy issued.
3
Contractual Limit Considerations
Many project agreements require higher aggregate liability limits. Umbrella and Excess placement may consider client-imposed insurance requirements when structuring overall program limits.
4
Catastrophic Exposure Protection
High-limit liability coverage is often designed to address low-frequency, high-severity losses that could otherwise impact a firm’s balance sheet.
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