Excess Liability Clause Samples
The Excess Liability clause defines the terms under which additional layers of insurance coverage apply beyond the limits of primary insurance policies. In practice, this clause specifies that if a claim exceeds the coverage provided by the primary policy, the excess liability policy will cover the remaining amount up to its own limit. This ensures that parties are protected against large or catastrophic losses that could surpass standard insurance limits, thereby allocating risk and providing financial security in the event of significant claims.
POPULAR SAMPLE Copied 4 times
Excess Liability. $3,000,000 minimum limits in excess of underlying limits. The umbrella shall be no more restrictive than underlying coverage.
Excess Liability. Insurance with a minimum limit of $10,000,000 per occurrence and annual aggregate.
Excess Liability. Excess Liability Insurance in excess of the insurance coverages required at Sections 23(a)(ii), (iii) and (iv) above, with a limit of not less than twenty-four million dollars ($24,000,000) per occurrence.
Excess Liability. Developer will purchase and maintain excess liability insurance in an amount not less than $5,000,000.
Excess Liability. Umbrella / Excess Liability insurance coverage of not less than US $2,000,000 over the employer’s liability, automobile liability, and commercial general liability coverages listed above. Teachers College Columbia University their affiliates, trustees, officers, agents and employees, volunteers, and representatives must be named as an additional insured.
Excess Liability. This insurance shall protect the Other Party and the additional insured against all claims in excess of the limits provided under the employer’s liability, commercial automobile liability, and commercial general liability policies. The policy shall be an “occurrence” type policy, and shall follow the form of the General and Automobile Liability.
Excess Liability. $10 Million per occurrence/aggregate, covering the same occurrences as the general liability, employer’s liability and automobile liability coverages. All policies shall be purchased on an annual basis or on a multi-year basis with annual reinstatement of limits.
Excess Liability. Seller may use an Umbrella or Excess Liability Coverage to meet coverage limits specified in this Agreement. Seller shall require the carrier for Excess Liability to properly schedule and to identify the underlying policies as provided for Buyer on the Buyer Additional Insured Endorsement Form, or on an endorsement to the policy acceptable to Buyer’s risk management agent. Such policy shall include, as appropriate, coverage for Commercial General Liability, Commercial Automobile Liability, Employer’s Liability, or other applicable insurance coverages.
Excess Liability. Insurance over and above the Employers’ Liability Commercial General Liability and Comprehensive Automobile Liability Insurance coverage, with a minimum combined single limit of Twenty Million Dollars ($20,000,000) per occurrence/Twenty Million Dollars ($20,000,000) aggregate.
Excess Liability i. On an Occurrence Basis. Claims made policies, including modified occurrence forms, are not acceptable.
ii. $1,000,000 Each Occurrence, Bodily Injury and Property Damage, combined single limit. iii. $1,000,000 Aggregate.