Umbrella Liability Insurance definition

Umbrella Liability Insurance. The coverage shall not be less than $1 million Each Occurrence, $1 million Aggregate. Such insurance shall provide coverage over and above the stated General and Automobile liability limits.
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Umbrella Liability Insurance. The Developer shall procure and maintain during the life of this Agreement five million dollars ($5,000,000) for bodily injury, personal injury and property damage in excess of coverage carried for Employer’s Liability, Commercial General Liability and Motor Vehicle Liability as described above.
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Umbrella Liability Insurance means a coverage basically affording high limit coverage in excess of the limits of the primary policies as well as additional liability coverages. These additional coverages are usually subject to a substantial self-insured retention. The term "umbrella" is derived from the fact that it is a separate policy over and above any other basic liability policies the insured may have.
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Examples of Umbrella Liability Insurance in a sentence

  • The Contractor shall provide a Commercial Umbrella Liability Insurance to provide excess coverage above the Commercial General Liability, Commercial Business Automobile Liability and the Workers' Compensation and Employers' Liability to satisfy the minimum limits set forth herein.

  • The Contractor shall provide a Commercial Umbrella Liability Insurance to provide excess coverage above the Commercial General Liability, Commercial Business Automobile Liability and the Workers’ Compensation and Employers’ Liability to satisfy the minimum limits set forth herein.

  • The required limits may be provided by a combination of General Liability Insurance and Commercial Excess or Commercial Umbrella Liability Insurance.

  • Excess or Umbrella Liability Insurance (Over Primary) if used to meet limit requirements, shall provide coverage at least as broad as specified for the underlying coverages.

  • Contractor waives all rights against County of Washington and its agents, officers, directors, and employees for recovery of damages to the extent these damages are covered by the Commercial General Liability, Automobile Liability, or Umbrella Liability Insurance maintained pursuant to previous paragraph of this agreement.

  • The umbrella coverage shall follow form with the Umbrella limits required as follows: For Contract Amounts Less For Contract Amounts Equal to or Than $5,000,000.00: Greater than $5,000,000: $ 2,000,000 per Occurrence $2,000,000 per Occurrence $ 4,000,000 Aggregate $10,000,000 Aggregate Additional Requirements for Commercial Umbrella Liability Insurance are shown below at Paragraph 1.5.3.3.6.

  • Verification of Excess and/or Umbrella Liability Insurance Coverage As the CONTRACTOR’S insurance broker/agent, I hereby verify that I have reviewed and confirmed that the CONTRACTOR carries Excess and/or Umbrella Liability insurance, as required by this Agreement, including the relevant provisions applicable to all required insurance.

  • Umbrella Liability Insurance: It is required that an umbrella policy be written for a minimum of $2,000,000 for bodily injury and property damage.

  • The required limit may be provided by a combination of Automobile Liability Insurance and Commercial Excess or Commercial Umbrella Liability Insurance.

  • There shall be no gap between the per occurrence amount of any underlying policy and the start of the coverage under the Umbrella Liability Insurance Policy.


More Definitions of Umbrella Liability Insurance

Umbrella Liability Insurance. An umbrella (over primary) or excess policy may be used to comply with limits or other primary coverage requirements. When used, the umbrella policy shall apply to bodily injury/property damage, personal injury/advertising injury and shall include a “dropdown” provision providing primary coverage for any liability not covered by the primary policy. The coverage shall also apply to automobile liability.
Sample 1
Umbrella Liability Insurance. Shall have a minimum limit of $1,000,000 each occurrence and $1,000,000 aggregate limit, with a retention no greater than $10,000. PROPERTY INSURANCE: It is agreed that IC shall purchase and maintain property insurance for material and equipment stored off-site, in transit, and/or used and left at the job site. IC waives all rights of subrogation against NATIVE for loss of or damage to IC’s work, tools, machinery, equipment, materials or supplies. WAIVER OF SUBROGATION: IC shall obtain from each of its Insurers a waiver of subrogation on Commercial General Liability and Workers' Compensation in favor of NATIVE with respect to losses arising out of or in connection with the performance of certain tasks. IC will obtain evidence of equivalent insurance coverage from each of IC’s Subcontractors or Suppliers, if any, before permitting them on the site of the project. Otherwise, the insurance protection for IC’s Subcontractors or Suppliers must be included within IC’s insurance policies. It is understood and agreed that the insurance coverages and limits required above shall not limit the extent of IC’s responsibilities and liabilities specified within the Contract Documents or by law. It is understood and agreed that authorization is hereby granted to NATIVE to withhold payments to IC until a properly executed Certificate of Insurance providing insurance as required herein and accompanied by a signed subcontract or purchase order are received. IC’s obligations within this Contract shall not be altered or relieved by IC’s failure to provide the coverages required by this Contract.
Sample 1

Related to Umbrella Liability Insurance

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Property Insurance is defined in Section 6.10(a).

  • General Liability means:Your legal liability in respect of Personal Injury and/or Property Damage and/or Advertising Injury caused by or arising out of an Occurrence happening in connection with the Business other than Products Liability.

  • First party insurance means an insurance policy or contract in which the insurer agrees to pay a claim submitted to it by the insured for the insured's losses.

  • Casualty insurance means liability insurance.

  • General Liabilities shall have the meaning given it in Article III, Section 6(b) of this Declaration of Trust;

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Credit property insurance means insurance:

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Legal Liability means responsibility which courts recognize and enforce between persons who sue one another.

  • Excess Insurance means insurance purchased from an insurance company authorized or admitted in the State of New Jersey or deemed eligible by the Commissioner as a surplus lines insurer or from any other entity authorized to provide said coverage in this state pursuant to law, covering losses in excess of an amount set forth in insurance contracts on a specific occurrence, or per accident or annual aggregate basis.

  • Lot coverage means the portion or percentage of the area of a lot upon which buildings are erected.

  • Primary insurance means the policies listed in this policy’s Umbrella Schedule.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Blanket insurance policy means a group policy covering a defined class of

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Other Insurance means insurance available to any covered person that covers a loss to which this policy applies, other than either primary insurance or insurance specifically purchased by you to be excess of the insurance afforded by this policy.

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.