Excess liability policy definition

Excess liability policy means an insurance contract pro- viding at least $1,000,000 of liability coverage per person or per occurrence in excess of certain required underlying liability insur- ance coverage.

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Excess liability policy means a policy of commercial risk, public entity or professional liability insurance, including a commercial umbrella policy, when

Excess liability policy means any commercial liability policy, other than an excess motor vehicle liability policy, written over: (1) one or more underlying liability policies that in the aggregate provide primary coverage of at least one million dollars ($1,000,000); or

Examples of Excess liability policy in a sentence

• Excess liability policy with limits of not less than $10,000,000 per occurrence in excess of the primary underlying policy limits.

• Operator may satisfy the minimum liability limits required above for Commercial General Liability and Business Auto Liability under an Umbrella or Excess liability policy.

• In addition to all listed coverages, CONTRACTOR shall procure and maintain an Umbrella or Excess liability policy in a minimum limit of $2,000,000.

• An Umbrella or Excess liability policy with a minimum policy limit of five million US dollars ($5,000,000) each occurrence and in the aggregate.

• The OWNER shall be listed as an additional insured on the above commercial general and automobile liability insurance policies and the Umbrella or Excess liability policy.

• Excess liability policy with limits of not less than $9,000,000 per occurrence in excess of the primary underlying policy limits.

• The insurance limits below may be met in conjunction with an Umbrella or Excess liability policy.

• If a Party maintains a minimum of Five Million Dollars ($5,000,000) per occurrence with a Five Million Dollar ($5,000,000) aggregate on its Commercial General Liability policy, that Party is not required to maintain a separate Umbrella or Excess liability policy.

• Any Umbrella or Excess liability policy shall provide substantially the same coverage, and in no event narrower coverage, as the underlying Commercial General Liability (including Owner as an additional insured), Business Automobile Liability or Employers’ Liability insurance, and shall expressly provide that the umbrella or excess policy will drop down over a reduced or exhausted aggregate limit of the underlying insurance.

More Definitions of Excess liability policy

Excess liability policy means the insurance policy issued by The Ohio Casualty Insurance Company, Excess Liability Policy No. ECO (18)58267898.

Excess liability policy means a policy of commercial risk, public entity or professional liability insurance, including a commercial umbrella policy, when written over one or more underlying liability policies that provide with respect to the same risk coverage of at least five hundred thousand dollars in the aggregate.

Excess liability policy has the meaning set forth in Section 6.09(a).

Excess liability policy means the insurance policy issued by The