Umbrella policy definition

Umbrella policy means a policy that protects a person against losses in excess of the underlying amount required to be covered by other policies.] (Deleted by amendment.)
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Umbrella policy has the meaning set forth in Section 11.3 below.
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Examples of Umbrella policy in a sentence

  • An Excess Liability policy or Umbrella policy can be used to satisfy the above limits.

  • The Workers’ Compensation policy, the Commercial General Liability, and the Umbrella policy required by this Agreement must be provided on an occurrence rather than a claims-made basis.

  • This insurance, including the Umbrella policy, as required, shall apply as primary insurance with respect to any other insurance or self-insurance program afforded to or maintained by the Library.

  • The above language should be entered in the “Description of Operations” part of the form showing coverage under the General Liability policy and the Umbrella policy, as required.

  • The Contractor shall waive all rights against the Library and its agents, officers, trustees, directors, and employees, for recovery of damages to the extent these damages are covered by the CGL policy, the Business Auto Policy, and the Umbrella policy, as required.

  • Should Tenant not maintain an Umbrella policy with such limits, then the limits of the underlying Commercial General Liability policy shall be increased to Two Million Dollars ($2,000,000) per occurrence and Four Million Dollars ($4,000,000) aggregate.

  • An Additional Insured Endorsement shall be provided on the Umbrella policy as it relates to the primary policies requiring an Additional Insured Endorsement.

  • The foregoing liability limits shall be adequate as long as Tenant maintains an Umbrella policy limit of not less than Three Million Dollars ($3,000,000) per occurrence.

  • Umbrella policy shall follow form to underlying employer’s, general, aircraft, hangar keeper’s liability policies.

  • Commercial Umbrella policy (with respect to the Property) with limits not less than $10,000,000.

Related to Umbrella policy

  • 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.

  • 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.

  • 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:

  • Policy means Related Party Transaction Policy.