Excess InsuranceRights and Obligations Form

Instructions and help about Excess InsuranceRights And Obligations

[Music] commercial excess liability and commercial umbrella liability insurance what's the difference and why do we have them first let's note that while these coverages are slightly different they're often referred to interchangeably within the insurance industry as this is the case this video will speak to both as if they are one and the same it's understood that commercial insurance policies are secured to protect business owners against losses by providing coverage for people or property commercial general liability commercial auto and employers liability or such policies but the amount of coverage they provide isn't endless these policies typically have a coverage limit of one or two million dollars so what happens if a policies coverage limits aren't high enough to cover a claim this is where a commercial excess or umbrella liability policy comes into play let's see it in action Sally a florist was delivering flowers to local customers while she was merging onto the freeway Sally