MLchartDataset catalogue

Excess liability policy

Term · Insurance and risk management · MLC-T-INS-001372

An insurance policy that provides additional limits of coverage above a primary liability policy. It only pays once the underlying primary policy's limits have been exhausted by a covered loss. This policy does not broaden coverage but simply increases the total available limit for a claim.

Table 1. Record
IdentifierMLC-T-INS-001372
FieldInsurance and risk management
SubjectExcess Umbrella
Record as JSON 
{
  "id": "MLC-T-INS-001372",
  "term": "Excess liability policy",
  "field": "Insurance and risk management",
  "definition": "An insurance policy that provides additional limits of coverage above a primary liability policy. It only pays once the underlying primary policy's limits have been exhausted by a covered loss. This policy does not broaden coverage but simply increases the total available limit for a claim.",
  "subject": "Excess Umbrella",
  "url": "https://mlchart.com/terminology/insurance/excess-liability-policy/"
}

Record 1,209 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.