Umbrella & Excess Liability Insurance Policies
Litigation against New York business owners and entities can run into the millions of dollars from losses arising from simple slip and falls to auto accidents to product claims, which necessitates high limits of liability protection found in Umbrella & Excess Liability policies. Umbrella & Excess Liability Insurance most often will provide at least one million dollars of protection over and above other primary liability forms such as your general liability, auto liability and employers liability (a section of your workers compensation policy).
Differences Between True Umbrella & Excess Liability Insurance Policies
In some cases your New York business may not qualify for a true Umbrella policy and may need to purchase an Excess Liability insurance policy. Be careful because the protection found under an Excess Liability insurance policy can be limited in its scope, compared to an Umbrella policy so it’s important to understand the differences between the two forms.
Generally speaking if your primary policies do not cover a particular exposure, such as pollution, it will not be covered under your umbrella or excess liability insurance policies, which will requiring other specific policies for these unique exposures.
For larger New York companies, we have the experience to structure “layered excess programs” to achieve total limits of up to $100 million using a variety of underwriters in both the domestic and international market places.
Serving New York Businesses with Umbrella & Excess Liability Insurance
Since 1929, The Coyle Group has been serving businesses with Umbrella & Excess Liability Insurance Policies in the Rockland County communities of: New City, Nanuet, Haverstraw, Pearl River, Stony Point, Suffern, West Nyack, Congers, Valley Cottage, Nyack, Orangeburg, Blauvelt, Palisades, and Chestnut Ridge; the Orange County communities of: Goshen, Pine Bush, Middletown, Newburgh, New Windsor; the Westchester County communities of: White Plains, Yonkers, New Rochelle, Bedford, Elmsford. And in New York City – Manhattan, Bronx, and Brooklyn.
For more information on Umbrella or Excess Liability Insurance, please give us a call in New City, New York by calling 845-634-3606.