Common use of Excess or Umbrella Liability Coverage Clause in Contracts

Excess or Umbrella Liability Coverage. (if utilized to achieve required policy limits) Umbrella liability insurance is preferred, but an excess liability equivalent may be allowed. Whichever type of coverage is provided, it shall not be more restrictive than the underlying insurance policy coverages. Umbrella coverage shall drop down to provide coverage where the underlying limits are exhausted.

Appears in 8 contracts

Samples: Agreement, Agreement, Security Services

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Excess or Umbrella Liability Coverage. (if utilized to achieve required policy limits) Umbrella liability Liability insurance is preferred, but an excess liability Excess Liability equivalent may be allowed. Whichever type of coverage is provided, it should be at least “following form” and shall not be more restrictive than the underlying insurance policy coverages. Umbrella coverage shall drop down to provide coverage where the underlying limits are exhausted.

Appears in 2 contracts

Samples: Master Services Agreement, Master Services Agreement

Excess or Umbrella Liability Coverage. (if utilized to achieve required policy limits) Umbrella liability Liability insurance is preferred, but an excess liability Excess Liability equivalent may be allowed. Whichever type of coverage is provided, it shall not be more restrictive than the underlying insurance policy coverages. Umbrella coverage shall drop down to provide coverage where the underlying limits are exhausted.

Appears in 1 contract

Samples: Standard Construction Contract Documents

Excess or Umbrella Liability Coverage. (if utilized to achieve required policy limits) Umbrella liability insurance is preferred, but an excess liability equivalent may be allowed. Whichever type of coverage is provided, it shall not be more restrictive than the underlying insurance policy coverages. Umbrella coverage shall drop down to provide coverage where the underlying limits are exhaustedehxausted.

Appears in 1 contract

Samples: Agreement Relating Totraffic

Excess or Umbrella Liability Coverage. (if utilized to achieve required policy limits) Umbrella liability Liability insurance is preferred, but an excess liability Excess Liability equivalent may be allowed. Whichever type of coverage is provided, it shall not be more restrictive than the underlying insurance policy coverages. Umbrella coverage shall drop down to provide coverage where the underlying limits are exhaustedcoverage.

Appears in 1 contract

Samples: Contract Agreement

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Excess or Umbrella Liability Coverage. (if utilized to achieve required policy limits) Umbrella liability insurance is preferred, but an excess liability equivalent may be allowed. Whichever type of coverage is provided, it shall not be more restrictive than the underlying insurance policy coverages. Umbrella coverage shall drop down to provide coverage where the underlying limits are exhausted.

Appears in 1 contract

Samples: Agreement

Excess or Umbrella Liability Coverage. (if If utilized to achieve required policy limits) Umbrella liability insurance is preferred, but an excess liability equivalent may be allowed. Whichever type of coverage is provided, it shall not be more restrictive than the underlying insurance policy coverages. Umbrella coverage shall drop down to provide coverage where the underlying limits are exhausted.

Appears in 1 contract

Samples: Custodial Services

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