What Does Layering Mean?

Free Business Insurance Quote Click Here
What does Layering mean? Read on to discover the definition & meaning of the term Layering - to help you better understand the language used in insurance policies.

Layering

Layering

The building of a program of insurance coverage using the excess of loss approach. Layered programs involve a series of insurers writing coverage, each one in excess of lower limits written by other insurers. Umbrella liability coverage is frequently structured in this manner, whereby a number of umbrella insurers write coverage at various levels, on an excess of loss basis, ultimately providing an insured with a high total limit of coverage.

We hope the you have a better understanding of the meaning of Layering.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here