In order to better understand the need for an excess or umbrella policy, it is important to examine the current societal trends. Emerging issues create a greater demand for protection, such as harsh legal environments, social inflation, scientific advancements, court decisions, nuclear verdicts and new links to causes of bodily injury. This has generated a shift in the marketplace. Carriers are reducing limits, restricting coverage and exiting the umbrella/excess market.
USLI has designed an Umbrella and Excess product that will protect your nonprofits during these demanding times. We can offer umbrella coverage over general liability, directors and officers, automobile liability, professional liability, host liquor liability, sexual abuse liability and employer’s liability. Lastly, we are able to offer up to $5 million limits to protect nonprofits from unforeseen catastrophic losses. Below are the top binding underlying classes of business for our Umbrella/Excess product.
- Homeowners Association/Condo Associations
- Booster Clubs
- Theaters/Performing Arts
- Foundations
- Charities
- Professional Trade Associations
- Chamber of Commerce
- Youth Community Center
- Counseling
- Thrift Store
- Youth Sports
Contact Product Leader Paul Nusspickel at [email protected] for additional information.
