Excess liability insurance (ELI), more commonly known as umbrella insurance, is one of the most important types of insurance your company
can buy. It protects your business from holes or limits in existing policy coverage as well as from financially draining lawsuits. Just as you
carry an umbrella to protect you from a potential downpour, ELI protects your company from the types of claims that could close your business.
ELI is designed to cover exceptionally large events or losses with low probabilities of occurrence. Without ELI, these events could be financially
devastating to many companies.
Who should consider ELI?: All types of companies would benefit largely from ELI. Because it extends coverage so dramatically at a relatively
small additional cost, many choose to pay the extra price. The amount of coverage needed will always depend on the total value of your assets.
Benefits of ELI coverage: Ultimately, ELI acts as a sort of dual policy, providing coverage in two ways.
1. Paying liabilities in excess of existing policy limits
2. Providing coverage in areas not included with existing policies.
The umbrella market is often erratic. We can find you competitive quotes addressing your specific risk categories.