There has been an increasing demand for organizations to carry higher limits of insurance to meet contractual requirements. Emerging issues create a greater demand for protection, such as social inflation, court decisions, runaway verdicts and catastrophic losses. There has also been a shift in the marketplace due to the changing legal environment, and many carriers are reducing limits, restricting coverage and getting out of certain classes of business altogether. This creates a great opportunity to write new accounts and classes of business that have never had umbrella coverage in place in the past.
USLI can write over other carriers with a minimum of B++ rating. We can write umbrella coverage over general liability, directors and officers (USLI), automobile liability, professional liability, host liquor liability, sexual abuse liability and employer’s liability.
Excess Abuse and Molestation and Professional (E&O):
- We can provide excess Abuse and Molestation limits up to $2 million over USLI’s Social Service, Sports and Charity/Business Association classes of business
- Up to $1 million in excess abuse and molestation for risks with a youth focus
- We can provide excess pastoral professional (E&O) liability for houses of worship and social service opportunities up to an additional $5 million
Recently Bound Accounts:
County Public Library: Premium: $3,413
- $1 million umbrella coverage to satisfy a certificate holder requirement for an event
Chamber of Commerce: Premium: $710
- $2 million umbrella coverage to satisfy a lease requirement
Senior Community Center: Premium: $295
- $1 million umbrella coverage to satisfy a contractual lease requirement
Basketball Booster Club: Premium: $355
- $1 million umbrella coverage to satisfy a school district requirement
Bridge the gap and provide complete coverage with an umbrella quote! Check out the Nonprofit Umbrella/Excess Podcast with Paul Nusspickel.
