What sits beneath it, more than the umbrella limit itself. Underwriters look at the underlying exposures being layered over: the class of business, revenue or payroll, the number and type of vehicles, whether there is habitational or contracting work, and the attachment point. Loss history on the primary matters, because an umbrella is priced on the tail of those same exposures. Additional layers usually cost less per million than the first, so moving from one million to two is rarely double. We can show you the increments before you choose.
Related FAQs
Usually not by default. We can review whether that layer is available and appropriate for you.
It generally follows the terms of your underlying policies and does not add new types of coverage, such as professional liability, unless specifically arranged.
For a business the drivers are different from a personal umbrella. Three things usually set the working range. What your contracts and leases require, since many name a specific ...
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