Excess Liability Insurance. $ minimum required insurance policy for anything other than General Liability or Automobile coverage. ☐ - Additional Insurance Requirement: Client, Contractor, and any other entity which the Contractor is required to name as an additional insured under the Prime Contract shall be named as additional insureds under the General Liability Insurance required by this Section and any such insurance afforded to the additional insureds shall apply as primary insurance. Any other insurance maintained by the Client or Contractor shall be excess insurance and shall not be called upon to contribute to Subcontractor’s primary or excess insurance carrier’s duty to defend or indemnify unless required by law. The excess insurance required above shall also afford additional insured protection to Client and Contractor. This Section shall in no event be construed to require that additional insured insurance coverage be provided to a greater extent than permitted under the statutes or public policy governed under State law.
Excess Liability Insurance. $[AMOUNT] minimum required insurance policy for anything other than General Liability or Automobile coverage. The Client, the Contractor, and any other entity that the Prime Contract requires the Contractor to name as an additional insured must be named as additional insureds under the general liability insurance required by this Section, and any coverage provided to the additional insureds will function as primary insurance. Unless otherwise required by law, any additional insurance that the Client or Contractor maintains shall be excess insurance and shall not be used to satisfy the obligation of the Subcontractor's primary or excess insurance carrier to defend or indemnify. The above-required excess insurance must also provide Client and Contractor with additional insured protection. This Section may not, under any circumstances, be interpreted as requiring that additional insured insurance coverage be offered to a greater extent than is permitted by applicable state statutes or public policy. Certificates of Insurance. Before providing any Services, Contractor must receive certificates of insurance, along with the necessary additional insured, other endorsements, and subrogation waivers.
Excess Liability Insurance means general liability insurance coverage in addition to the maximum dollar amount of coverage for which an insurer issues a general liability insurance policy.
Examples of Excess Liability Insurance in a sentence
Comprehensive Automobile Liability Insurance and Excess Liability Insurance policies shall contain provisions that specify that the policies are primary and non-contributory.
More Definitions of Excess Liability Insurance
Excess Liability Insurance. Insuring SUBRECIPIENT for an amount not less than $1,000,000.00 combined single limit bodily injury and property damage liability insurance, including death, in excess of the primary coverage required hereinabove.
Excess Liability Insurance. Policy Term Annual (June 26th to June 26th), Policy No. X0022A1A05 for 2005-2006 policy term. Covers third party legal liability for bodily injury, property damage or personal injury. Includes coverage for excess auto liability, excess employers’ liability and operational pollution liability. The limit of liability is $35 million with a $1 million per occurrence deductible. Liability arising from terrorism is not excluded. Coverage is shared with other Sempra subsidiaries. There is no annual aggregate limit for general or auto liability. Additional insured status required in a written contract is automatically recognized by this policy. Sempra maintains additional excess liability insurance above this coverage with annual aggregate limits. Coverage placed with AEGIS (A.M Best’s rated “A, XI”). Automobile Insurance (U.S.): Policy Term Annual (June 26th to June 26th), Policy No. AS1-621-004541-195 for 2005-2006 policy term. Primary auto liability in the amount of $1 million, and comprehensive and collision coverage for vehicles with reported vehicle value greater than $10,000. Covers all owned, non-owned and hired vehicles. Reporting of new and changed autos to Sempra Energy Risk Management is required. Auto I.D. cards required by state law are issued by Sempra Energy Risk Management. Coverage placed with Liberty Mutual (A.M Best’s rated “A, XV”).
Excess Liability Insurance means the policy of excess liability insurance which is described in Section 14.6 hereof and a copy of which is attached to this Agreement as Appendix M.
Excess Liability Insurance is generally purchased in layers. If you buy an Automobile and G/L policies with maximum limits of $2,000,000, you may not be adequately covered for work in the construction industry. In addition your contracts may require that you maintain greater levels of coverage. The solution is to purchase an Umbrella or Excess policy layers to sit on top of the underlying coverage and raise the maximum limits. If the Excess policy is based on payroll you only have to include the policy rate with other insurance in your insurance factor. If the policy has a fixed premium you can calculate a rate for the coverage by dividing the fixed premium by your Estimated Annual Payroll.