Examples of Umbrella policy in a sentence
If an Umbrella policy is used to meet the total insurance limits required by this Contract and covers more than General Liability and Automobile Liability, a statement must be provided on the Certificate of Insurance to indicate which policies are covered by the Umbrella policy.
An Excess Liability policy or Umbrella policy can be used to satisfy the above limits.
Employer’s Liability, Commercial General Liability and Automobile Liability insurance may be arranged under single policies for full minimum limits required, or by a combination of underlying policies with the balance provided by an Excess or Umbrella Liability policy, where Excess or Umbrella policy provides "form follows policy" coverage.
Excess Liability Coverage in the amount of $5,000,000.00 shall be in the form of an Umbrella policy rather than a following form excess policy.
If the Contractor’s Workers Compensation, Commercial General Liability and Business Auto policies do not have these minimum limits, an Umbrella policy written by an insurance company acceptable to the Owner may be used to meet the minimum limits required.
If an Umbrella policy is used to meet the total insurance limits required by this Contract and covers more than General Liability and Automobile Liability, a statement must be provided on the evidence of insurance to indicate which policies are covered by the Umbrella policy.
Business Auto policies do not have these minimum limits, an Umbrella policy written by an insurance company acceptable to the Owner may be used to meet the minimum limits required.
The Umbrella policy limits may be combined with the underlying limits to obtain the total limits required.
An Umbrella policy, including Excess following form, will be provided with a minimum limit of $25,000,000 Per Occurrence and Aggregate (Per Project) and will apply over underlying policies for Automobile Liability, Commercial General Liability and Employers Liability.
The Contractor shall indicate on the certificate of insurance that the Excess and Umbrella policy is following form.