Wausau Unveils Excess/Umbrella Policy
Wausau Insurance has announced a proprietary excess/umbrella liability Insurance policy to provide coverage over and above the limits of primary insurance policies.
“Our excess/umbrella coverage is for proactive companies with the foresight to prepare for the unexpected,” said Joe Gilles, president and CEO of the Wausau, Wis.-based insurer, a member of the Liberty Mutual group.. “In a litigious world, insufficient coverage and the financial vulnerability of business poses a bigger risk than ever before. Our excess/umbrella can help manage these risks through our personal approach of expertise and decisiveness.”
Wausau’s enhanced excess/umbrella policy features:
—Coverage that picks up where scheduled underlying policies leave off
—Coverage over and above the limits of primary insurance policies
—Experienced underwriters tailoring coverage to unique situations
—Coverage for non-employment-related discrimination
—Coverage for vicarious liability arising from intentional acts
—Umbrella coverage is worldwide
Wausau’s two-part approach:
—Coverage A: Excess Follow Form Insurance can provide follow form for a wide range of coverages.
—Coverage B: Umbrella Liability Insurance provides commercial umbrella liability coverage not covered by scheduled underlying insurance.
- Prudential to Wind Down Direct-to-Consumer Assurance Business
- Cracks in O’Hare Columns Aren’t Insured Property Damage, Just Bad Product – Court
- Insurers Get Green Light to Pay Less Than Billed Charges in Florida PIP Cases
- Rising Prices, Low Satisfaction Drive 49% of Customers to Shop For New Auto Insurance