Umbrella policy

(redirected from Umbrella Policies)

Umbrella policy

Insurance for exports of an exporter whose issuer handles all administrative requirements.

Umbrella Policy

An insurance policy that covers the policyholder for all claims that his/her other insurance policies do not cover. For example, if a health insurance policy only covers an individual up to $1 million, an umbrella policy would pay for all claims above that. Likewise, if an export insurance policy covers loss but not damage to the exports, an umbrella policy would cover damage. Umbrella policies exist to cover all possible contingencies for the policyholder that are not covered under other policies.
References in periodicals archive ?
These include Business Owners, Artisans, Special Multi-Peril, and Commercial Umbrella policies. Barry Goldstein, CEO, said, "These commercial liability lines are the most volatile and carry the longest claim development "tail" of any of Kingstone's offerings.
It also authorizes the government to offer umbrella policies for commercial properties, including multifamily and agricultural properties and requires the Federal Emergency Management Agency to make NFIP coverage available to co-op and condo owners.
Commercial umbrella policies can provide broader coverage as well as additional coverage.
SB 5996 would increase the tax on all P&C lines, including home, auto, commercial property, business owners' liability, medical malpractice, inland marine, construction contractor liability, municipal and school district excess liability, umbrella policies, even insurance for mobile phones.
She will also manage High Net Worth's product lines, including personal auto, homeowners and umbrella policies. Zortman will report to Peter Zaffino, chief executive officer of AIG General Insurance and global chief operating officer, AIG.
Larger companies often purchase umbrella policies as an extra precaution to protect their net worth.
General liability insurance and umbrella policies typically do not cover this type of dispute, and it is therefore important to have the proper coverage.
The City also purchased three successive umbrella policies ("Umbrella Policies") from Hartford, covering periods
We insure homes, businesses and even personal liability with million-dollar umbrella policies. I am excluding small arms for one's protection of self, family and property.
Review the adequacy of existing sector specific policies and umbrella policies and incentive schemes
On the other hand, premium renewal rates in August were up for BOP lines (3.85%, up from 3.65% the month prior), Commercial Property (2.59%, up from 2.45% the month prior), and Umbrella policies (1.56%, up from 1.40% at the end of June).
[ ] Remind clients of the need to use umbrella policies for excess liability insurance, over and above the limits on home and auto insurance.