Umbrella / Excess Liability

Excess Liability (EL) and Umbrella Insurance for Truckers. Truckers and trucking fleet owners know all too well that accidents can happen at any moment, no matter how mindful you are. When these accidents lead to massive losses that surpass the limits of your primary coverage, Allcom Insurance has you covered. Our excess liability and umbrella insurance policies provide an extra layer of protection that covers costly damages beyond the limits of your primary coverage.

For instance, if your truck was involved in an accident, causing millions of dollars in damage to a building, your primary liability coverage may not be enough to cover the expenses. Excess liability and umbrella insurance from ALLCOM Insurance will protect you from this kind of financial disaster by providing the necessary coverage needed for peace of mind.

Who needs Excess Liability or Umbrella Insurance?

Fleet operations, owner-operators with significant assets to protect, and those who want peace of mind should consider excess liability or umbrella insurance. Additionally, some customers may require this type of coverage as a condition of their contracts.

How Much Does EL or Umbrella Insurance Cost?

EL and umbrella insurance can be prohibitively expensive, and the market can fluctuate wildly. However, ALLCOM Insurance can help you determine if this type of coverage is necessary for you and your business.

Trucking Umbrella or Excess Liability Insurance

Trucking umbrella or excess liability insurance is an essential coverage option for truckers and trucking fleets. If you cause an accident, your primary liability limits can be easily exhausted if you are slapped with a lawsuit. Your umbrella policy will kick in when your other resources have been depleted and are not able to completely cover the costs. Umbrella liability or excess liability policies add another layer of protection to any of several other policies that you might hold, including general liability, employer’s liability, and commercial auto liability policies. For instance, if you have $1 million in commercial auto liability coverage and a covered claim is settled for $1.5 million, your company’s umbrella liability insurance policy would pick up the additional amount.

Why Choose ALLCOM Insurance as Your Excess Liability and Umbrella Insurance Provider?

ALLCOM Insurance is the provider you need for your EL and umbrella insurance needs. With a focus on providing exceptional customer service and a commitment to finding the right coverage at the right price, ALLCOM Insurance is dedicated to protecting your business.

Excess Liability Insurance vs. Commercial Umbrella Insurance

While the terms are often used interchangeably, excess liability insurance and commercial umbrella insurance are different types of coverage. Excess liability insurance serves as an extra layer of protection for losses in excess of your primary and umbrella policy limits but does not provide broader coverage beyond those underlying policies. In contrast, commercial umbrella insurance provides higher coverage limits for your primary policies in addition to covering exposure gaps in those policies.

ALLCOM Insurance Offers:

• A/B umbrella form coverage with $25 million in capacity

• Coverage that includes crisis management services expenses automatically at no additional cost

• Ability to provide coverage on a worldwide basis

• Ability to provide umbrella/excess coverage of aircraft, foreign, personal umbrella liability, miscellaneous professional liability, and media liability for printers, publishers, broadcasters

• Most-favored jurisdiction endorsement – provides admitted coverage for punitive damages

• Ability to write admitted and non-admitted policies