Umbrella liability policy definition

Umbrella liability policy means an insurance contract providing at least $1,000,000 of liability coverage per person or per occurrence in excess of certain required underlying liability insurance coverage or a specified amount of self−insured reten- tion.
Sample 1Sample 2Sample 3
Umbrella liability policy means an insurance contract providing at least $1,000,000 of liability coverage per person or per occurrence in excess of certain required underlying liability
Sample 1Sample 2Sample 3

Examples of Umbrella liability policy in a sentence

  • Certificate of insurance and copies of endorsements to Contractor’s Excess or Umbrella liability policy and shall be provided as evidence of this excess liability or umbrella insurance with an annual an aggregate amount of not less than $5,000,000 for the Contractor and $1,000,000 limits required of subcontractors unless otherwise stated in the Contract Documents and shall be excess and follow form over primary coverages included herein.

  • The following unit price(s) shall be used for unforeseen conditions and are not included in the lump sum bid amount.

  • Excess Umbrella liability policy with limits of $5,000,000 per occurrence and in the aggregate.

  • Excess Umbrella liability policy with limits of $10,000,000 per occurrence and in the aggregate.

  • Umbrella liability policy of not less than $1,000,000 each occurrence and $1,000,000 in the aggregate, for a total of $2,000,000 each occurrence and $4,000,000 in the aggregate.

  • An application has been received from Pat Adamson; should this individual be appointed to the Library Board one additional vacancy would remain.

  • Limits on General Liability and Comprehensive Auto Liability may be less if providing an Umbrella liability policy of not less than $5 million covering all claims under subparagraphs (ii) and (iii).You must require your insurance company to list the District as "Additional Insured".

  • The Umbrella liability policy shall be excess of Employers Liability, General Liability and Automobile Liability required , including coverages in paragraphs (A), (B) and (C) above, The City shall be included as an additional insured under such policy or policies to the full limits carried by Contractor, even if such limits exceed the requirements.

  • Umbrella liability policy to increase the limits of the insurance required under paragraph 3 and 4 above to not less than $5,000,000 per occurrence and in the aggregate per project.

  • Umbrella liability policy in follow form and to provide the same coverages as provided for comprehensive general liability, completed operations and product, automobile and employers liability with a minimum $2,000,000 (two million dollars) limit of liability.

Related to Umbrella liability policy

  • 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.

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

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

  • 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.

  • 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.

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

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

  • Reimbursement insurance policy means a policy of insurance

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

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

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

  • 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”)

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

  • 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.

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

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

  • D&O Policy has the meaning set forth in Section 6.18(b).

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

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

  • D&O Tail Policy has the meaning set forth in Section 5.8(c).

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • R&W Policy means a representation and warranty insurance policy for the benefit of Buyer obtained in connection with this Agreement on the terms described on Schedule 1.01 of the Buyer Disclosure Schedule.

  • Credit property insurance means insurance: