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Bonds/Surety Employee/Group Benefits Insurance Glossary

Excess/Umbrella

Businesses require Umbrella or Excess insurance for protection in the event of third party claims arising from their operations. Umbrella or Excess is the casualty insurance protection, from claims in excess of the coverage provided under a business' primary casualty policy.

Most businesses combine the protection from the Umbrella or Excess insurance Policy to protect against the larger more catastrophic claims with General Liability Insurance.
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