Umbrella
Offered by M.J. Hall & Company Insurance Brokers
Umbrella Follow Form Excess Stand Alone Excess ExcessDescription
Umbrella / Excess offered by M.J. Hall and Company Insurance Brokers.
‘Umbrella Liability', ‘Follow Form Excess' and ‘Stand Alone Excess' are coverages which are all available through your ‘MJ Hall' broker.
Most common is Umbrella Liability which is designed to provide protection against catastrophic losses. It generally is written over various primary liability policies, such as the business auto policy (BAP), commercial general liability (CGL) and employers liability coverage
The Umbrella Liability policy serves three purposes: it provides excess limits when the limits of underlying liability policies are exhausted by the payment of claims; it drops down and picks up where the underlying policy leaves off when the aggregate limit of the underlying policy in question is exhausted by the payment of claims; and it provides protection against some claims not covered by the underlying policies, subject to the assumption by the named insured of a self-insured retention (SIR).
Follow Form Excess and Stand Alone Excess identify an “excess” liability policy that follows the underlying policies for most policy provisions. The policy may ‘stand alone' for certain exclusions, conditions, etc., while relating back to the underlying coverage for most provisions. This type of policy form is typically used excess of scheduled underlying insurance and usually contains a requirement that the insured maintain scheduled underlying insurance.
Contact your ‘MJ Hall' Broker to identify the needs and requirements of your insureds when considering which of these coverages would best serve the purpose for any individual case.
‘Umbrella Liability', ‘Follow Form Excess' and ‘Stand Alone Excess' are coverages which are all available through your ‘MJ Hall' broker.
Most common is Umbrella Liability which is designed to provide protection against catastrophic losses. It generally is written over various primary liability policies, such as the business auto policy (BAP), commercial general liability (CGL) and employers liability coverage
The Umbrella Liability policy serves three purposes: it provides excess limits when the limits of underlying liability policies are exhausted by the payment of claims; it drops down and picks up where the underlying policy leaves off when the aggregate limit of the underlying policy in question is exhausted by the payment of claims; and it provides protection against some claims not covered by the underlying policies, subject to the assumption by the named insured of a self-insured retention (SIR).
Follow Form Excess and Stand Alone Excess identify an “excess” liability policy that follows the underlying policies for most policy provisions. The policy may ‘stand alone' for certain exclusions, conditions, etc., while relating back to the underlying coverage for most provisions. This type of policy form is typically used excess of scheduled underlying insurance and usually contains a requirement that the insured maintain scheduled underlying insurance.
Contact your ‘MJ Hall' Broker to identify the needs and requirements of your insureds when considering which of these coverages would best serve the purpose for any individual case.
Offered By
Availability 19 states
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Covered
Not Covered
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