Bumbershoot
Term · Insurance and risk management · MLC-T-INS-000637
An umbrella liability policy designed for marine-related businesses, providing excess liability coverage over underlying primary marine and non-marine liability policies. It protects against catastrophic losses arising from maritime operations, such as collisions, pollution, and personal injury claims. This policy extends coverage beyond the limits of standard marine liability forms.
| Identifier | MLC-T-INS-000637 |
|---|---|
| Field | Insurance and risk management |
| Subject | Commercial Auto |
Record as JSON
{
"id": "MLC-T-INS-000637",
"term": "Bumbershoot",
"field": "Insurance and risk management",
"definition": "An umbrella liability policy designed for marine-related businesses, providing excess liability coverage over underlying primary marine and non-marine liability policies. It protects against catastrophic losses arising from maritime operations, such as collisions, pollution, and personal injury claims. This policy extends coverage beyond the limits of standard marine liability forms.",
"subject": "Commercial Auto",
"url": "https://mlchart.com/terminology/insurance/bumbershoot/"
}
Record 402 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.