Commercial Excess Liability Insurance

Commercial Excess Liability Insurance is designed to protect businesses from potentially catastrophic losses that could occur due to a liability claim. It can provide coverage for judgments and other costs associated with claims made against the insured, such as legal fees, medical costs, and other damages.

Commercial Excess Liability Insurance is an important form of risk management for businesses in a wide variety of industries. It can be tailored to meet the specific needs of the business, depending on the types of risks it faces. For example, a manufacturer may include product liability coverage, while a restaurant may include coverage for food-borne illness.

In most cases, Commercial Excess Liability Insurance is a supplemental form of coverage that is purchased in addition to a primary commercial liability policy. This type of policy usually has higher limits than the primary policy, and the coverage may also extend to other types of risks not covered by the primary policy.

In summary, Commercial Excess Liability Insurance is a form of insurance that provides additional coverage beyond the limits of a standard commercial liability policy. It may refer to a policy that applies when the limits of the primary policy have been exhausted or to an umbrella policy that covers a wide range of liability risks. This type of policy is an important form of risk management for businesses in a wide variety of industries, and is typically purchased in addition to a primary commercial liability policy.