What Does Commercial Umbrella and Excess Mean?

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What does Commercial Umbrella and Excess mean? Read on to discover the definition & meaning of the term Commercial Umbrella and Excess - to help you better understand the language used in insurance policies.

Commercial Umbrella and Excess

Commercial Umbrella and Excess

Coverage for the liability of a commercial venture above a specific amount set forth in a basic policy issued by the primary insurer; or a self-insurer for losses over a stated amount; or an insured or self-insurer for known or unknown gaps in basic coverages or self-insured retentions.

We hope the you have a better understanding of the meaning of Commercial Umbrella and Excess.

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