Insuring Catastrophe Liability with an Umbrella.
Catastrophe Liability
takes over where your basic liability protection stops
Worldwide coverage applies
as long as the suit is filed in the U.S., its possessions, or Canada.
The limit is the maximum your
insurance company pays over a policy year in addition to the limits on your existing
underlying policies.
The portion you pay before your
umbrella policy takes over when your underlying liability policy does not protect you.
Special Features include:
- Occurrence form
- First dollar defense
- Expenses outside coverage limits
- Premium not subject to audit
- "Pay on behalf of"
- Coverage for acquisitions
- Owned and non-owned aircraft and watercraft
- Personal umbrellas for executives included
- Punitive damages
You are required to maintain
required limits of general, vehicle and employer's underlying liability insurance in
force.
