Commercial Excess and Umbrella Liability Coverage

Level: Intermediate

Why you need this course:
After completing this course, you’ll be better able to help your customers fill gaps in their primary insurance protection.

Upon successful completion of this course, you should be able to:

• Explain how three characteristics of liability insurance create the need for excess or umbrella liability coverage.
• Describe the three basic types of excess liability insurance policies.
• Explain how umbrella liability insurance differs from ordinary excess liability insurance.
• Describe the following aspects of umbrella liability insurance:
• Drop-down coverage
• Required underlying coverages
• Aggregate umbrella limits
• Insuring agreement
• Coverage triggers
• Exclusions
• Conditions
• Given a case about a covered liability loss, determine amounts payable under primary insurance and excess or umbrella liability insurance.

Cost: $20 per Professional Development Hour (PDH). Information on Professional Development Hours (PDH) provided can be found here.

Commercial Excess and Umbrella Liability Coverage Topics Include:

• The need for excess or umbrella liability coverage
• Three basic types of excess liability insurance policies
• How umbrella liability insurance differs from ordinary excess liability insurance
• Specific aspects of umbrella liability insurance
• Determining amounts payable under primary insurance and excess or umbrella liability insurance

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E-mail: customerservice@TheInstitutes.org

Phone: (800) 644-2101

Fax: (610) 640-9576

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