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 umbrella coverage shall follow form with the Umbrella limits required as follows: $ 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.

  • 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.

  • 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.

  • If Owner has not been included as an insured under the CGL using ISO additional insured endorsement CG 20 10 under the Commercial General and Umbrella Liability Insurance required in this Contract, the Contractor waives all rights against Owner and its officers, officials, employees, volunteers and agents for recovery of damages arising out of or incident to the Contractor’s work.

  • Umbrella Liability Insurance coverage shall not be more restrictive than the underlying insurance policy coverages.

  • Proposer shall provide evidence of Excess/ Umbrella Liability Insurance with limits of not less than $2,000,000 in any one claim or occurrence.

  • Any Umbrella Liability Insurance Policy shall protect Contractor, District, State, Construction Manager(s), Project Manager(s), and Architect(s) in the amounts indicated herein, and shall comply with all requirements for Commercial General Liability and Automobile Liability and Employers’ Liability Insurance.

  • Excess / Umbrella Liability Insurance providing excess coverage over commercial general liability, automobile liability and employer’s liability with a minimum limit of $2,000,000.00 (Two Million Dollars) per occurrence and in aggregate.


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.
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Umbrella Liability Insurance. Unpublished MBA Thesis, Xxxxxxx School, University of Pennsylvania, at Appendix B (1961) (hereinafter “Xxxxx The- sis”). 7 Xxxxx, Xxxxxxx & Company, Umbrella Coverage brochure, May 1958. 8 See Xxxxx Thesis at Appendix H, K. 9 December 18, 1959 letter from Xxxxxx X. Xxx to Xxxxxxx XxXxxxxx, Plaintiff’s Exhibit 1769 in In re Asbestos Insurance Coverage Cases, California Superior Court, Judicial Coordination Proceeding No. 1072 (1986).
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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.
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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

  • 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 means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

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

  • Blanket travel insurance means a policy of travel insurance issued to any eligible group providing coverage for specific classes of persons defined in the policy with coverage provided to all members of the eligible group without a separate charge to individual members of the eligible group.

  • Credit property insurance means insurance:

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

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

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

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

  • Excess Insurance shall not apply to any insurance coverage currently held by The Government of Bermuda, or to our Self-Insured Retentions of whatever nature.

  • 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.