If a suit is filed against you for damages — and your regular liability coverage is exhausted on your home, automobile, watercraft or recreational vehicle policy — an excess/umbrella liability policy will cover additional damages.
Personal liability coverage that addresses this risk is hard to find on the open market. A group program, on the other hand, offers access to high coverage limits and broad categories of covered liability perils at group rates and with group underwriting.
Group Personal Excess is designed for directors, officers or partners of a sponsoring firm. Eligibiity for a group program typically requires a minimum premium of $50,000.
A group program will typically provide rates significantly lower than what is offered on an individual policy basis.
EXAMPLE: $650 for Group Umbrella Liability Policies 2 homes, 2 cars, 2 drivers
The premium savings can be even more attractive at higher liability limits or when a client owns multiple homes, vehicles and/or has multiple household drivers.
For each participating member of the group, we need name, address, phone and email address, plus notice of selected limit (if applicable). Additional information such as driver license numbers and loss history may be required at underwriter request for individuals seeking high limits or for participants of smaller programs.