Limits Of Insurance - Section 3
- Commercial Liability Umbrella Coverage Form

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Read the Limits Of Insurance - Section 3 - Commercial Liability Umbrella Coverage Form (CU 00 01 04 13)

Limits Of Insurance - Section 3 - Commercial Liability Umbrella Coverage Form

Limits Of Insurance - Section 3 - Commercial Liability Umbrella Coverage Form

The ISO Limits Of Insurance - Section 3 - Commercial Liability Umbrella Coverage Form is the excess liability insurance used in commercial insurance programs. The commercial umbrella policy supplements existing liability insurance policies and is triggered when the cost of a lawsuit exceeds the limits of the underlying liability insurance policies you have.

If you have or need to purchase a commercial umbrella policy, you should at least have a basic understanding of what, where and who is covered - what, where and who is excluded and other important language in the Limits Of Insurance - Section 3 - Commercial Liability Umbrella Coverage Form.

The form starts below here:


Various provisions in this policy restrict coverage. Read the entire policy carefully to determine rights, duties and what is and is not covered.

Throughout this policy the words "you" and "your" refer to the Named Insured shown in the Declarations, and any other person or organization qualifying as a Named Insured under this policy.

The words "we", "us" and "our" refer to the company providing this insurance. The word "insured" means any person or organization qualifying as such under Section II - Who Is An Insured.

Other words and phrases that appear in quotation marks have special meaning. Refer to Section V - Definitions.

SECTION III - LIMITS OF INSURANCE

1. The Limits of Insurance shown in the Declarations and the rules below fix the most we will pay regardless of the number of:
a. Insureds;
b. Claims made, "suits" brought, or number of vehicles involved; or
c. Persons or organizations making claims or bringing "suits".

2. The Aggregate Limit is the most we will pay for the sum of all "ultimate net loss" under:
a. Coverage A, except "ultimate net loss" because of "bodily injury" or "property damage" arising out of the ownership, maintenance or use of a "covered auto"; and
b. Coverage B.

3. Subject to Paragraph 2. above, the Each Occurrence Limit is the most we will pay for the sum of all "ultimate net loss" under Coverage A because of all "bodily injury" and "property damage" arising out of any one "occurrence".
4. Subject to Paragraph 2. above, the Personal And Advertising Injury Limit is the most we will pay under Coverage B for the sum of all "ultimate net loss" because of all "personal and advertising injury" sustained by any one person or organization.

5. If there is "underlying insurance" with a policy period that is nonconcurrent with the policy period of this Commercial Liability Umbrella Coverage Part, the "retained limit(s)" will only be reduced or exhausted by payments for:
a. "Bodily injury" or "property damage" which occurs during the policy period of this Coverage Part; or
b. "Personal and advertising injury" for offenses that are committed during the policy period of this Coverage Part. However, if any "underlying insurance" is written on a claims-made basis, the "retained limit(s)" will only be reduced or exhausted by claims for that insurance that are made during the policy period, or any Extended Reporting Period, of this Coverage Part.
The Aggregate Limit, as described in Paragraph 2. above, applies separately to each consecutive annual period and to any remaining period of less than 12 months, starting with the beginning of the policy period shown in the Declarations, unless the policy period is extended after issuance for an additional period of less than 12 months. In that case, the additional period will be deemed part of the last preceding period for purposes of determining the Limits of Insurance.

More On ISO Insurance Forms

You can download a copy of this form here: Commercial Liability Umbrella Coverage Form.

You can find more ISO insurance coverage forms here:

Limits Of Insurance - Section 3 - Commercial Liability Umbrella Coverage Form - The Bottom Line

We hope this article on the Limits Of Insurance - Section 3 - Commercial Liability Umbrella Coverage Form has been informative. Because ISO forms are used by many insurance companies, a lot of the language they contain has already been by interpreted by the courts. Meanings have been established for specific words and phrases which can make claim settlements and litigation easier.

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