Umbrella liability policy definition

Umbrella liability policy means an insurance contract providing at least $1,000,000 of liability coverage per person or per occurrence in excess of certain required underlying liability insurance coverage or a specified amount of self−insured reten- tion.

Umbrella liability policy means an insurance contract providing at least $1,000,000 of liability coverage per person or per occurrence in excess of certain required underlying liability

Examples of Umbrella liability policy in a sentence

• Umbrella liability policy to increase the limits of the insurance required under paragraph 3 and 4 above to not less than $5,000,000 per occurrence and in the aggregate per project.

• Certificate of insurance and copies of endorsements to Contractor’s Excess or Umbrella liability policy and shall be provided as evidence of this excess liability or umbrella insurance with an annual an aggregate amount of not less than $25,000,000 for the Contractor and $1,000,000 limits required of subcontractors unless otherwise stated in the Contract Documents, and shall be excess and follow form over primary coverages included herein.

• Certificate of insurance and copies of endorsements to Contractor’s Excess or Umbrella liability policy and shall be provided as evidence of this excess liability or umbrella insurance with an annual an aggregate amount of not less than $5,000,000 for the Contractor and $1,000,000 limits required of subcontractors unless otherwise stated in the Contract Documents and shall be excess and follow form over primary coverages included herein.

• The limits of liability shall be not less than Five Million Dollars ($5,000,000.00) per occurrence, which amount may be satisfied with a primary commercial general liability policy of not less than Two Million Dollars ($2,000,000.00) and an excess (or "Umbrella") liability policy affording coverage, at least as broad as that afforded by the primary commercial general liability policy, in an amount not less than Three Million Dollars ($3,000,000.00).

• An Umbrella liability policy in an amount not less than $3,000,000 (U.S Dollars).

• The Umbrella liability policy shall be excess of Employers Liability, General Liability and Automobile Liability required , including coverages in paragraphs (A), (B) and (C) above, The City shall be included as an additional insured under such policy or policies to the full limits carried by Contractor, even if such limits exceed the requirements.

• The aggregate limit of the Umbrella liability policy shall be $1 million.

• Umbrella liability policy coverage usually protects policyholders wherever they travel.

• Such amounts may be satisfied with a primary commercial general liability policy and an excess or "Umbrella" liability policy affording coverage, at least as broad as that afforded by the primary policy.

• An application has been received from Pat Adamson; should this individual be appointed to the Library Board one additional vacancy would remain.