Umbrella/Excess Liability Insurance definition

Umbrella/Excess Liability Insurance. Umbrella or "following form excess" liability insurance in excess of the liability limits specified above in the amount of $1,000,000 per occurrence, and $1,000,000 annual aggregate.
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Umbrella/Excess Liability Insurance. Umbrella Excess Liability Insurance of not less than U.S.$100,000,000 per occurrence and in the aggregate. Such coverages shall be over and above coverage provided by the policies described in paragraphs (B), (C) and (D) above whose limits shall apply toward the U.S.$100,000,000 limits set forth in this section. The umbrella and/or excess policies shall not contain endorsements which restrict coverages as set forth in paragraphs (B), (C) and (D) above, and which are provided in the underlying policies. If the policy or policies provided under this paragraph (E) contain(s) aggregate limits applying to other operations of Borrower other than the Project, and such limits are diminished below U.S.$50,000,000 by any incident, occurrence, claim, settlement or judgment against such insurance which has caused the carrier to establish a reserve, the Borrower shall take immediate steps to restore such aggregate limits or shall provide other equivalent insurance protection for such aggregate limits.
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Umbrella/Excess Liability Insurance. The Contractor shall also carry umbrella/excess liability insurance in the amount of $5,000,000. The Declarant, all Unit Owners, the Unit Owners Association, and the Manager shall be named as named or additional insureds on all above-referenced policies as their interests may appear. If such insurance is canceled or expires then the constructing Unit Owner shall immediately stop all work on or use of the Unit until either the required insurance is reinstated or replacement insurance obtained.
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Examples of Umbrella/Excess Liability Insurance in a sentence

  • Provider shall carry Umbrella/Excess Liability Insurance to provide additional limits for underlying Workers’ Compensation and Employers’ Liability Insurance, Commercial General Liability Insurance, Sexual Abuse & Molestation (if applicable), and Professional Liability/Technology Errors and Omissions (if available), with limits of not less than Two Million Dollars ($2,000,000.00) per occurrence and shall cover the Board and its employees, subject to that of the primary coverage.

  • Umbrella/Excess Liability Insurance, written on an “occurrence,” not a “claims-made” basis, providing coverage excess of the underlying Employer’s Liability, Commercial General Liability, and Commercial Automobile Liability insurance, on terms at least as broad as the underlying coverage, with limits of not less than $10,000,000 per occurrence and in the annual aggregate.

  • Umbrella/Excess Liability Insurance, written on an “occurrence,” not a “claims-made” basis, providing coverage excess of the underlying Employer’s Liability, Commercial General Liability, Pollution Liability Insurance, and Commercial Automobile Liability insurance, on terms at least as broad as the underlying coverage, with limits of not less than Fifteen Million dollars ($15,000,000) per occurrence and in the annual aggregate.

  • Umbrella Liability Insurance is required: Commercial Umbrella/Excess Liability Insurance for bodily injury and property damage liability must sit over Contractor’s primary Employer’s Liability, Commercial General Liability and Commercial Automobile Liability with limits of: One Million Dollars ($1,000,000) each occurrence and aggregate.

  • If limits are not met in primary insurance contracts, Umbrella/Excess Liability Insurance may be provided with limits of not less than $4,000,000 per occurrence and aggregate with a deductible of no more than $10,000, and (i) providing coverage in excess of and (ii) “following form”, subject to the same provisions as, the underlying policies required for General Liability and Commercial Auto Liability Insurance.

  • The liability limits shall be not less than: Aggregate: $5,000,000 Each Occurrence: $5,000,000 The Umbrella/Excess Liability Insurance shall be written on an occurrence basis and at a minimum provide excess to the Contractor’s other required insurance policies.

  • Contractor shall secure and maintain Umbrella/Excess Liability Insurance that shall remain in force for three (3) years following acceptance of the Project.

  • Umbrella/Excess Liability Insurance, written on an “occurrence,” not a “claims-made” basis, providing coverage excess of the underlying Employer’s Liability, Commercial General Liability, Pollution Liability Insurance, and Commercial Automobile Liability insurance, on terms at least as broad as the underlying coverage, with limits of not less than Fifteen Million dollars (U.S. $15,000,000) per occurrence and in the annual aggregate.

  • Umbrella/Excess Liability Insurance, written on an “occurrence,” not a “claims-made” basis, providing coverage excess of the underlying Employer’s Liability, Commercial General Liability, Commercial Automobile Liability insurance and Pollution Liability Insurance, on terms at least as broad as the underlying coverage, with limits of not less than Fifteen Million dollars ($15,000,000) per occurrence and in the annual aggregate.

  • If Seller elects, with SCE’s written concurrence, to use a “claims made” form of Umbrella/Excess Liability Insurance, then the following additional requirements apply: The retroactive date of the policy must be prior to the Effective Date; and Either the coverage must be maintained for a period of not less than three (3) years after this Agreement terminates, or the policy must provide for a supplemental extended reporting period of not less than three (3) years after this Agreement terminates.


More Definitions of Umbrella/Excess Liability Insurance

Umbrella/Excess Liability Insurance. Landlord shall also carry umbrella/excess liability insurance in the amount of $5,000,000. If there is no per project aggregate under the Commercial General Liability policy, the limit shall be $5,000,000.
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Related to Umbrella/Excess Liability Insurance

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

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • 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.

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

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Property Insurance is defined in Section 6.10(a).

  • General Liability means:Your legal liability in respect of Personal Injury and/or Property Damage and/or Advertising Injury caused by or arising out of an Occurrence happening in connection with the Business other than Products Liability.

  • 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.

  • First party insurance means an insurance policy or contract in which the insurer agrees to pay a claim submitted to it by the insured for the insured's losses.

  • General Liabilities shall have the meaning given it in Article III, Section 6(b) of this Declaration of Trust;

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Casualty insurance means liability insurance.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • Credit property insurance means insurance:

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

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Primary insurance means the policies listed in this policy’s Umbrella Schedule.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Blanket insurance policy means a group policy covering a defined class of

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

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

  • Lot coverage means the portion or percentage of the area of a lot upon which buildings are erected.