Underlyers

Term · Insurance and risk management · MLC-T-INS-003405

The primary insurance policies that sit beneath an excess or umbrella liability policy. These policies provide the first layer of coverage for specific risks, such as general liability, automobile liability, or employers' liability. An excess policy only begins to pay once the limits of the underlyers have been exhausted by a covered loss.

Table 1. Record
Identifier	MLC-T-INS-003405
Field	Insurance and risk management
Subject	Excess Umbrella

Record as JSON

{
  "id": "MLC-T-INS-003405",
  "term": "Underlyers",
  "field": "Insurance and risk management",
  "definition": "The primary insurance policies that sit beneath an excess or umbrella liability policy. These policies provide the first layer of coverage for specific risks, such as general liability, automobile liability, or employers' liability. An excess policy only begins to pay once the limits of the underlyers have been exhausted by a covered loss.",
  "subject": "Excess Umbrella",
  "url": "https://mlchart.com/terminology/insurance/underlyers/"
}

Record 3,542 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.