Excess Liability

Excess Liability
Related Topics
Claims

Excess Liability Insurance

In an increasingly litigious society, adequate cover against liability claims or suits has become essential. Whether such action arises as a consequence of employee accidents, injured third parties, unintended effects of goods or products or damage caused by a vehicle of their fleet, businesses need to select levels of primary cover appropriate to the potential risks.

An unforeseen major event may result in a situation where the amount of a claim is higher than the primary cover held. With the relevant insurance pool exhausted, a company would be forced to meet the shortfall from its own reserves. Other applications include where the terms of a contract require a higher level of cover than the business usually considerers prudent, or where a change in normal practices or operations, perhaps only short-term, increases the potential for accidents.

Excess liability policies can be a cost-effective way of adding another layer of protection to any of several other policies that your business holds, including general liabilities (public and products), employer's liability and for motor third party property liabilities. A claim which is in excess of the limit under the primary policy can then be met by the additional policy.

Chartis excess liability insurance can be purchased even where we do not insure the primary level of cover. Our cover includes additional benefits to assist businesses limit the human and financial impacts after a major incident, even before the excess policy is activated.

Market

UK companies, including those with overseas sales and operations.

Features & Benefits

Cover

Chartis Offerings