Excess Liability Insurance

Excess liability insurance increases the limits of an existing insurance policy, usually a commercial general liability insurance policy. This type of liability insurance is referred to by many terms interchangeably, including excess liability coverage, excess liability insurance and commercial excess liability insurance. Excess liability insurance does not expand your current coverage but simply offers a higher dollar limit to protect your business in the case of a claim with costs reaching above the amount of your existing policy. Essentially, excess liability coverage can be thought of as insurance for your insurance.

Excess liability coverage example
Let’s say you have an underlying general liability policy with a $1 million limit. An excess liability policy would provide a greater limit on this original policy, increasing your limit to, say, $2 million. Then, if your business was fighting a personal injury claim and had to pay a settlement of $1.5 million, your excess liability coverage would kick in to cover the $500,000 that exceeds your original policy limit of $1 million.

What does excess liability insurance cover?

Since commercial excess liability insurance sits on top of an existing policy, much of what is covered under excess liability depends on the original policy. Excess liability coverage can increase the dollar limits on primary insurance policies, including:

General liability insurance: Covering bodily and personal injury, property damage, and the legal costs associated with fighting these kinds of claims.

Commercial auto insurance: Covering bodily injury or property damage claims (and associated legal fees) that occur from driving a company vehicle or driving a personal vehicle for business purposes.

Employer’s liability insurance: This liability policy covers your business if you’re sued by an employee for injury or illness not traditionally included within workers’ comp.

General Liability

Commercial general liability insurance (CGL) covers common lawsuits that arise from everyday business activities. It protects against customer injuries, damaged customer property, however, many exclusions still apply.

Workers' Compensation

Workers' Compensation Insurance, also known as Workers' Comp, can help give your employees the benefits they need if they suffer a work-related injury or illness. Each state has its own respective workers' compensation insurance laws.

Commercial Auto

Commercial auto insurance is needed to cover the cars, trucks, and vans used in conducting your business. Large fleets, as well as small businesses, should be properly covered by a commercial auto insurance policy.

Business Property

Type of business insurance, also known as commercial property insurance or business personal property insurance, helps protect the owned or rented equipment, building and personal property at your company.

Excess Liability

Excess liability insurance increases the limits of an existing insurance policy, usually a commercial general liability insurance policy.

Inland Marine

Inland Marine insurance provides financial protection for a business’s property that is transported on land.