Excess liability insurance covers claims that exceed the limits of a primary commercial insurance policy. It provides coverage for those events that could have a catastrophic financial impact on your business.
If you think your business could benefit from additional coverage, reach out to our Lone Star Insurance Group agents today.
What Does Excess Liability Insurance Cover?
What your excess liability policy covers primarily depends on what your original policy covers. Your coverage can increase the dollar limits on the following insurance policies:
General liability insurance helps cover bodily and personal injury, property damage and legal costs associated with these types of claims.
Commercial auto insurance helps cover bodily injury or property damage claims that occur from driving a company vehicle or driving a personal car for business purposes.
Employer’s liability insurance helps cover your business if you’re sued by an employee for injury or illness not traditionally included within workers’ comp.
There are exclusions with this type of coverage, including:
Multiple policies. Excess liability insurance provides additional coverage to just one policy. If you add excess liability to your general liability insurance policy, it can only increase your limit on that specific policy. The excess liability coverage associated with your general liability policy will not apply if you need additional funds on top of your commercial auto policy.
How Much Does Excess Liability Insurance Cost?
The cost of excess liability insurance will vary based on a few factors, such as the following:
If you’re looking for excess liability insurance, reach out to an agent for a quote today.
Learn More About Excess Liability Insurance
At Lone Star Insurance Group, we’re ready to help you sort through your coverage options, no matter how complicated. Reach out to an agent today for more information.