Excess liability "follow form" policy
Term · Insurance and risk management · MLC-T-INS-001371
An excess liability policy that adopts the same terms, conditions, exclusions, and definitions as the underlying primary insurance policy. This approach simplifies claims handling and avoids potential coverage gaps or conflicts between different policy wordings. It provides an additional layer of coverage without altering the scope of the primary policy.
| Identifier | MLC-T-INS-001371 |
|---|---|
| Field | Insurance and risk management |
| Subject | Excess Umbrella |
Record as JSON
{
"id": "MLC-T-INS-001371",
"term": "Excess liability \"follow form\" policy",
"field": "Insurance and risk management",
"definition": "An excess liability policy that adopts the same terms, conditions, exclusions, and definitions as the underlying primary insurance policy. This approach simplifies claims handling and avoids potential coverage gaps or conflicts between different policy wordings. It provides an additional layer of coverage without altering the scope of the primary policy.",
"subject": "Excess Umbrella",
"url": "https://mlchart.com/terminology/insurance/excess-liability-follow-form-policy/"
}
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