GCs, municipalities and project owners often want $5M or $10M in liability before you can start work, and a primary GL policy alone won't get you there. We place excess limits on top of what you already carry, and for straightforward accounts we can often bind same day or next day.
Excess GL, sometimes written as a commercial umbrella, adds liability limits above the policies you already carry. Here's what that extra layer typically includes.
Additional limits, typically $1M to $10M or more, above your primary GL policy's per-occurrence and aggregate limits.
Extends above your primary completed operations coverage. That matters for contractors on larger projects with extended liability exposure.
Many commercial umbrella policies also provide excess limits above your commercial auto liability policy.
Additional limits above the employers liability section of your workers' compensation policy.
If an underlying policy is exhausted or a claim falls within a gap, a true umbrella policy may drop down and pay the loss from the first dollar.
Most excess GL policies cover claims worldwide, as long as they arise from your US-based operations.
Answered the way we'd answer them on the phone.
Any time a contract, GC, municipality, or project owner requires higher limits than your primary GL provides. $5M, $10M, and higher limits are common requirements on public work, large commercial projects, and NYC jobs.
An excess policy simply adds limits on top of your primary policy with the same terms. A true umbrella policy may offer broader coverage and fill gaps between underlying policies. We'll make sure you have the right form for your contracts.
For straightforward accounts, excess GL can often be bound same day or next day. We understand that contracts and project start dates can't wait.
Yes, though it depends on the nature and frequency of claims. We work with specialty excess markets that can accommodate accounts with loss history.
Tell us the limit your contract requires and what you carry now. High-limit quotes are available for most commercial accounts, and our licensed NY agents shop 30+ carriers to place them.