Insurance Coverage and Policies

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What are umbrella/excess liability policies?

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Umbrella/excess liability policies provide additional liability coverage above the limits of personal auto and homeowners policies. They may also cover claims excluded by underlying policies, such as libel and slander.

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What is a Personal Umbrella (DL 98 01)?

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A Personal Umbrella provides additional liability coverage above personal auto and homeowners policies. It covers claims excluded by underlying policies, like libel and slander.

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What is a Commercial Umbrella (CU 00 01)?

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A Commercial Umbrella offers excess liability protection for businesses, sitting over general liability, commercial auto, and employer’s liability. It may follow form or provide broader coverage.

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What is Professional Liability insurance?

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Professional Liability, also known as malpractice insurance, covers professionals for negligent acts or omissions in the course of their duties.

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What is Errors and Omissions (E&O) insurance?

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E&O is a form of professional liability for non-medical professionals, covering financial losses due to mistakes or failure to perform.

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What is Directors and Officers (D&O) Liability insurance?

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D&O Liability protects corporate directors and officers from personal liability for wrongful acts committed in their managerial capacity. It covers defense costs, settlements, and judgments.

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What is Fiduciary Liability insurance?

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Fiduciary Liability covers fiduciaries for errors in managing employee benefit plans under ERISA.

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What is Liquor Liability insurance?

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Liquor Liability covers businesses that manufacture, sell, or serve alcohol for claims arising from intoxicated patrons causing injury or damage.

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What is Employment Practices Liability (EPLI) insurance?

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EPLI covers claims related to employment practices such as discrimination, harassment, wrongful termination, and retaliation.

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What are Surplus Lines?

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Surplus lines insurers are unauthorized in a state but legally permitted to write coverage for unique or high-risk exposures not available in the admitted market.