Technology Professional’s Excess Liability Coverage
When looking into insuring a Consultant, most owners understand the importance of obtaining Property and Liability coverages. What about all the other hazardous elements of your operation? Let us provide you with excess liability coverage options. General Liability covers you from standard business risks, use excess liability coverages to make sure you are sufficiently insured for any accident.
UMBRELLA/EXCESS LIABILITY: In some cases, your primary liability limits are not enough to protect you. An umbrella or excess liability policy will provide additional limit over and above the underlying liability insurance. For example, if someone gets hurt and is suing for $2,000,000, an umbrella or excess liability would provide the additional $1,000,000 that would be needed to satisfy that judgment. If you didn’t have the extra coverage, the additional $1,000,000 would be the insured’s responsibility. The difference between an umbrella policy and an excess liability policy is an umbrella can go over other policies (like a business auto) and excess liability adds additional limits to your existing general liability.
While trying to best serve your customers do not dismiss the hidden risks of eliminating these excess liability coverages!