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Carriers |
(1) Rated A+ / XV by AM Best (Admitted);
(2) Rated A / XV (Admitted) |
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Limits of Liability |
$5,000,000 Per Occurrence / $5,000,000 Aggregate
$10,000,000 Per Occurrence / $10,000,000 Aggregate
Higher Limits Available |
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SIR |
$10,000 (Coverage Part B) |
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Minimum Premium |
Varies |
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Eligible entities |
- Leased or rented property;
- Hotels/motels;
- Apartments;
- Office buildings;
- Shopping centers, strip & retail malls;
- Warehouses;
- Property managers & owners;
- Business parks; and similar entities
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Requirements |
Completed application. All underlying insurance carriers must be rated B++/VI or better by AM Best. (Excess AL and EL may be excluded if appropriate underlying insurance is not purchased.)
GL - $1MM / occurrence and $2MM aggregate
AL - $1MM for owned, (GL endorsement for) hired, and non-owned.
EL - $100K accident / $500K aggregate / $100K disease
Liquor - $1,000,000 per occurrence / $1,000,000 aggregate |
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Compensation |
Premiums are quoted net to broker |
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Special Features |
Silo Aggregates
Policy limit applies per location |
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Claims-Made/Occurrence form Hybridizing Endorsement |
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"Follow Form" coverage (where applicable) |
Follow Form: Automobile liability; Punitive Damages; Lead Paint; Personal Injury; Employee Benefits Liability; Liquor Liability; Garagekeepers Legal Liability & Garage Liability (provided on exception basis only, request by agent required); All Aggregate Application (including per location aggregate); Designated Premises (provide coverage for any location insured by a primary policy of insurance scheduled on Umbrella policy) |
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Additional Benefits |
Unintentional Errors & Omissions Endorsement |
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Notable Restrictions / Exclusions |
Real Estate Agent Errors & Omissions |
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Employers Liability Exclusion in unlimited EL States (Currently NY and MA) |
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General Information |
Clients in the program do not share limits; each client in the program is provided with its own policy and policy number. |
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Written concurrently with the underlying General Liability. We do not require proration onto a Master Policy date. |
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For other coverages and exclusions, please see our application and policy forms. The policy is the controlling instrument. |
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"Follow Form" coverages are subject to the insured carrying required minimum primary limits with acceptable underlying carriers and other acceptable underwriting criteria. No drop down provision. |
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Rate indications provided are subject to completed applications, Quotes are not provided without thoroughly completed applications. |