Umbrella/Excess Liability definition

Umbrella/Excess Liability. The CONSULTANT shall provide umbrella/excess coverage with limits of no less than $2,000,000 excess of Commercial General Liability, Automobile Liability and Employer’s Liability.
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Umbrella/Excess Liability. Properties not in the Hospitality or “Assisted Living” industries must provide Umbrella and/or Excess Liability coverage evidencing a limit of not less than $5,000,000 per occurrence and in the aggregate with a Self-Insured Retention (SIR) not greater than $10,000 over all required underlying liability policies. PPM reserves the right to require higher limits from properties where liquor is sold. Properties in the Hospitality and “Assisted Living” industries must provide Umbrella and/or Excess Liability coverage evidencing a limit of not less than $10,000,000 per occurrence and in the aggregate with a Self-Insured Retention (SIR) not greater than $10,000 over all required underlying liability policies. Limits provided by the Umbrella/Excess Liability policies must be excess over all the policy extensions and the required underlying liability coverages and policies, including Liquor Liability.
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Umbrella/Excess Liability. The Contractor shall provide umbrella/excess coverage with limits of no less than $2,000,000 excess of Commercial General Liability,
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Examples of Umbrella/Excess Liability in a sentence

  • Umbrella Excess Liability or Excess Liability Insurance - $5,000,000 each occurrence; $5,000,000 aggregate other than products/completed operations and auto liability; $5,000,000 products/completed operations aggregate; and this insurance shall include all of the following coverages on the applicable schedule of underlying insurance: (1) Commercial general liability; (2) Business auto liability and (3) Employers’ liability.

  • Contractor will provide evidence of insurance (e.g., Comprehensive General Liability, Worker’s Compensation and Employer’s Liability Insurance, Umbrella Excess Liability) in accordance with the provisions of the agreement ultimately reached between the parties.

  • The Contractor may use an Umbrella, Excess Liability, or similar coverage to supplement the primary insurance stated above in order to meet or exceed the minimum coverage levels required by this Contract.

  • Contractor cannot rely upon Owner’s liability policy(ies) for any of Contractor’s insurance obligations required herein.Umbrella or Excess Liability: The Contractor may use an Umbrella, Excess Liability, or similar coverage to supplement the primary insurance stated above in order to meet or exceed the minimum coverage levels required by this Agreement provided such umbrella/excess coverage is not more restrictive than the primary coverage.


More Definitions of Umbrella/Excess Liability

Umbrella/Excess Liability. If the contract amount is in excess of $100,000.00, then umbrella and/or excess liability insurance shall contain limits of not less than $5,000,000.00 each occurrence, offense, or event. All insurance shall be taken out and maintained at no cost or expense to STS and the Engineer shall be responsible for the full amount of any deductible or any self-insurance that may exist. It is understood that the above insurance may not include standard liability coverage for pollution and/or environmental impairment. However, the Engineer agrees to acquire and maintain pollution and environmental impairment coverage as part of this Professional Liability Insurance if such insurance is applicable to the services to be performed by the Engineer under this Agreement as soon as such coverage is available. Failure of the Engineer to maintain insurance coverage in accordance with the terms of the Agreement shall not relieve the Engineer of its obligation to defend and indemnify STS from any and all claims arising out of any act or omission of the Engineer.
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Related to Umbrella/Excess Liability

  • Legal Liability means responsibility which courts recognize and enforce between persons who sue one another.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • Deductible has the meaning set forth in Section 11.1(e).

  • Excess insurance means insurance purchased from an insurance company authorized or admitted in the State of New Jersey or deemed eligible by the Commissioner as a surplus lines insurer or from any other entity authorized to provide said coverage in this state pursuant to law, covering losses in excess of an amount set forth in insurance contracts on a specific occurrence, or per accident or annual aggregate basis.

  • Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • Contingent Liability means any agreement, undertaking or arrangement by which any Person guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, obligation or any other liability of any other Person (other than by endorsements of instruments in the course of collection), or guarantees the payment of dividends or other distributions upon the shares of any other Person. The amount of any Person’s obligation under any Contingent Liability shall (subject to any limitation set forth therein) be deemed to be the outstanding principal amount (or maximum outstanding principal amount, if larger) of the debt, obligation or other liability guaranteed thereby.

  • Property damage means physical injury to, de- struction of, or loss of use of tangible property.

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • High Deductible Health Plan means a Health Plan as defined by 26 USC § 223(c)(2)(A) that also is a Qualified Health Plan.

  • Defects Liability Period means the warranty period following the taking over, during which the Contractor is responsible for making good, defects and damage in Goods and Services provided, under the Contract.