Excess Liability Insurance in Virginia & Maryland
Beacon
Excess Liability Insurance
- What Is It?
- Who Needs It?
- Excess Liability VS umbrella
Excess liability coverage serves as secondary insurance. In this role, it usually enhances the protections afforded by an underlying primary policy.
Any company in Virginia or Maryland that needs protection beyond what an underlying commercial liability policy provides may want an excess liability policy.
Terms: Excess liability policies typically adopt the terms of the underlying policy, while umbrella policies often come with their own terms and conditions.
Coverage Provided: Because excess liability policies typically adopt the terms of an underlying policy, most of these policies can supplement just one underlying policy. Since umbrella policies come with their own terms, they might supplement multiple policies and even fill in gaps that underlying policies have.
Beacon Insurance Group is Here to Help
For decades, Beacon Insurance Group has been providing quality and affordable insurance coverage to the good people of Virginia and Maryland. Our team has carefully handpicked reputable insurance companies that we are confident can provide you with the security and peace of mind that you deserve.
Whether you are a business owner or looking for protection in your everyday personal life, we know that you don’t have the time to worry about your insurance programs. That’s what we are here for. At Beacon Insurance, we do the digging to find you the best possible coverage at the best possible price.
It’s incredibly important to us that we continually provide you with expertise and that personal touch that you are looking for when it comes to finding high-quality excess liability coverage.
Fill out the form to get in touch with a specialized excess liability insurance agent and we will get you the superior customer service that you deserve!
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What is Excess Liability Coverage?
Commercial liability insurance policies generally provide substantial amounts of coverage, but there are upper limits to how much protection can be purchased through primary policies. When Virginia and Maryland businesses need more liability protection, excess liability coverage may be in order.
Excess liability coverage serves as secondary insurance. In this role, it usually enhances the protections afforded by an underlying primary policy.
What Companies in Virginia & Massachusetts Need Excess Liability Insurance?
As the costs associated with liability lawsuits rise, excess liability insurance is becoming increasingly common. Any company in Virginia or Maryland that needs protection beyond what an underlying commercial liability policy provides may want an excess liability policy.
What’s the Difference Between Excess Liability And Umbrella Insurance?
Both excess liability and umbrella insurance generally provide secondary liability insurance that can bolster the protections of underlying policies. The secondary coverages differ in two significant points, though:
- Terms: Excess liability policies typically adopt the terms of the underlying policy, while umbrella policies often come with their own terms and conditions.
- Coverage Provided: Because excess liability policies typically adopt the terms of an underlying policy, most of these policies can supplement just one underlying policy. Since umbrella policies come with their own terms, they might supplement multiple policies and even fill in gaps that underlying policies have.
Can Excess Liability Insurance Supplement Umbrella Insurance?
Although it’s not too common, excess liability insurance sometimes can supplement an umbrella insurance policy. In this situation, there’s normally a primary policy, then the umbrella policy and then the excess liability policy. The trio can provide high levels of protection.
When structuring policies in this way, companies should work closely with an insurance agent who specializes in excess liability. A knowledgeable agent is needed to make sure all coverages are in place and conditions are met.
How Can Companies in Virginia & Maryland Get Excess Liability Coverage?
For help finding excess liability coverage in Virginia or Maryland, talk with the independent insurance agents at Beacon Insurance Group. Our agents will work closely with you to find the additional liability coverage that your company needs.
What are the Advantages of Working with an Independent Agent like Beacon Insurance Group?
This is a question that we hear all the time – and that’s okay! – because we know that the insurance world can be confusing. That’s why we are here to help you.
Securing your insurance through an independent agent rather than buying straight from an insurance company is similar to hiring a lawyer before going to court, rather than defending yourself. Just like lawyers, independent agents have the knowledge of the entire industry with attention to important, cost-saving details that only come with years of experience.
But, UNLIKE lawyers, going through an independent agent not only comes with no extra charge, but it can often SAVE you money by being able to shop your needs to many different insurance companies, and also by ensuring that you are only being covered for what you need.
Independent agents are your helping hand in your journey through the overwhelming insurance world. We are real human beings that are equipped with the knowledge, expertise, and friendliness to help make your life easier, especially in tough times. We recommend you submit a form on this page to talk to one of our agents for free – at your convenience!
