What are Umbrella and Excess Liability?

Umbrella and Excess liability are designated to provide additional limits of coverage above underlying insurance policies. Umbrella and Excess insurance policies are not the same.

Liability insurance protects your business when something happens to someone else, but what happens if the claim against your company isn’t covered by the liability policy or exceeds the policy’s limits? You may be required to liquidate assets to raise the money to pay the claim.