Is commercial umbrella different from excess liability?
Both commercial umbrella coverage and excess liability coverage can provide supplemental liability protection, adding onto that of an underlying policy. They differ in how many policies they supplement, however.
Excess liability is normally tied to only one primary policy. It usually adopts the terms of the underlying policy, providing higher limits but no broader protections. In this way, excess liability might provide add more protection onto a single policy.
Business umbrella insurance is normally more comprehensive. It usually comes with its own terms, allowing it to supplement multiple policies and even add broader coverages. Not only can commercial umbrella effectively increase the limit of multiple underlying policies, but it also may fill in coverage gaps.
An insurance agent who knows commercial umbrella policies will be able to assist in deciding which supplemental liability policy is right for a business.