Excess Liability Insurance
There are many kinds of Excess Liability Insurance Policies that one can look for.L.A. Insurance Inc. can offer many kinds of excess liability policies that suit both individuals and large corporate holdings. Insurance companies, in consultation with loss control and risk controlling professionals draw up customized excess liability insurance plans and policies to suit individual and corporate needs. As such, insurance companies are even in the business of making specific risk assessments and proposing practical remedies to prevent and mitigate losses.
The advantages are many. Excess liability insurance policy holders can look for specific benefits under their respective schemes. Almost all their policies offer coverage against injury and property damage caused by the policy holder. They also offer additional protection against claims arising from slander, false eviction, libel, false arrest and so on. What’s more, in some cases, the holder can receive additional funds to meet legal defense costs and so on. In some situations, one can avail the benefit even when a lawsuit is groundless or not covered by the underlying policy.
L.A. Insurance Inc. is here to protect you. Excess Liability Insurance, or Umbrella Liability Insurance, is needed for all businesses to mitigate risk in the event of a catastrophic loss. An Excess Liability policy covers your business should a claim be filed against your company that exceeds the limits of your existing liability coverage. For example, if your General Liability Policy covers $1,000,000 and a $1,500,000 claim is brought to you, an Excess Liability policy could take effect.
In addition to protection of General Liability Coverage, Excess Liability Insurance may add to commercial auto and workers compensation policies.