Understanding Umbrella and Excess Insurance Policies

To provide broader coverage for primary liability policies

To extend the limits of commercial general liability, business auto, and employers liability coverage (correct)

To replace primary coverage once the primary aggregate limits of liability have been exhausted

To reduce the retention amount of primary policies

The amount of retention required

The provision of broader coverage for some risks (correct)

The level of coverage provided

The type of risks they cover

When the primary aggregate limits of liability have been exhausted (correct)

When the primary policy expires

When the retention amount is met

When a claim is made

<p>To extend the limits of primary liability policies and replace primary coverage</p> Signup and view all the answers

<p>Retention amount</p> Signup and view all the answers