We can provide you with protection against catastrophic liability claims. An umbrella policy acts as an excess coverage over your primary liability policies, because its limits apply in addition to the underlying coverage. This results in a higher limit of coverage that is excess over the underlying policies.
An umbrella policy is used in one of three ways:
To provide additional limits of protection over the coverage listed in your underlying schedule
To act as primary coverage if your underlying limits are exhausted
To provide coverage for some risks, subject to retention, when your primary coverage does not