Common use of Umbrella or Excess Liability Insurance Clause in Contracts

Umbrella or Excess Liability Insurance. Subcontractor shall provide umbrella or excess liability (which is excess over employer’s liability, general liability, and automobile liability) insurance as follows: $3,000,000 per occurrence. All liability coverage must be scheduled under the umbrella and that the combined limits of the above required policies should be no less than $3,000,000 aggregate. However, for subcontracts under $100,000, Subcontractor may instead provide evidence satisfactory to VEIC with respect to the services performed that it carries $1,000,000 in Umbrella and Liability Insurance.