Define Umbrella Liability Insurance. The coverage shall not be less than $1 million Each Occurrence, $1 million Aggregate. Such insurance shall provide coverage over and above the stated General and Automobile liability limits.
Definition of Liability in the Legal Dictionary - by Free online English dictionary and encyclopedia. What is Liability? Meaning of Liability as a legal term. What does Liability mean in law?
More Definitions of Umbrella/Excess Liability Insurance Umbrella/Excess Liability Insurance. Landlord shall also carry umbrella/excess liability insurance in the amount of $5,000,000. If there is no per project aggregate under the Commercial General Liability policy, the limit shall be $5,000,000....
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Medical Aninsurance policyprotecting the owners of a business both from paying for damage resulting from a fire, vandalism, and other misfortunes and from legal liability in case the business's actions or negligence result in an injury. The premium of a business property and liability insurance pa...
Depending on your needs, AICPA Personal Liability Umbrella provides coverage for automobiles and recreational type vehicles as defined by the policy, such as RVs, watercrafts, and snowmobiles. Note that your Auto, Watercraft, or Homeowners policies (as applicable) must first cover such vehicles at ...
Umbrella Liability Policy Coverage that provides extra protection against liability, and excess amount of insurance above the primary policy. Vicarious Liability A type of liability in which one person is responsible for the acts of another. For example, employers may be vicariously liable for the ac...
Available cover for this market, via the Chubb Marketplace, includes: a Chubb Business Owner's Policy, workers compensation, umbrella, commercial auto, management and professional liability, cyber enterprise risk management, and foreign package. The Latest Launches From Chubb and Next Insurance Mitchell...
If you have considerable assets to protect from a possible lawsuit, you may also want to consider buying anumbrella insurancepolicy, which can increase the liability coverage on both your auto and homeowners insurance policies to $1 million or more. ...
You'll first pay your homeowners insurance deductible, say $1,000. Then your homeowners insurance will pay the next $299,000 of the judgment, which gets you to that policy's $300,000 maximum. Theumbrella policywill pay the remaining $500,000. You won't have to come up with that half...