Umbrella liability (UL) policy

Term · Insurance and risk management · MLC-T-INS-003395

A type of liability insurance that provides additional coverage above the limits of underlying primary liability policies, such as general liability, auto liability, or employers' liability. It also offers broader coverage for some claims not covered by the primary policies, subject to a self-insured retention (SIR). This policy acts as an extra layer of protection against catastrophic losses, with limits often ranging from $1 million to $10 million or more.

Table 1. Record
Identifier	MLC-T-INS-003395
Field	Insurance and risk management
Subject	Excess Umbrella

Record as JSON

{
  "id": "MLC-T-INS-003395",
  "term": "Umbrella liability (UL) policy",
  "field": "Insurance and risk management",
  "definition": "A type of liability insurance that provides additional coverage above the limits of underlying primary liability policies, such as general liability, auto liability, or employers' liability. It also offers broader coverage for some claims not covered by the primary policies, subject to a self-insured retention (SIR). This policy acts as an extra layer of protection against catastrophic losses, with limits often ranging from $1 million to $10 million or more.",
  "subject": "Excess Umbrella",
  "url": "https://mlchart.com/terminology/insurance/umbrella-liability-ul-policy/"
}

Record 3,490 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.