Group Personal Excess Liability Explained

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Group Personal Excess Liability Explained

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  • Access to a wide range of specialty technology insurance products from carriers worldwide
  • 4th generation family owned - since 1895
  • Experts standing by and professional claims handling
  • Licensed in 45 U.S. states & DC.
  • We represent about 4,000 clients in the U.S. and worldwide
  • Our mission is to build and maintain long-lasting relationships with our clients and to provide competitive, high quality insurance oriented products
  • Our specialized professional liability insurance programs protect against and minimize professional liability risks
What is Group Personal Excess Liability?

Group Personal Excess Liability Insurance is a comprehensive benefit for key personnel, managers, and employees. Group Personal Excess Liability provides up to $10,000,000 personal liability coverage for each employee in a defined group, and helps to assure that the most valued staff members' personal assets are protected. In addition, it awards a cost-competitive insurance product to valued employees. Group Personal Excess Liability Insurance is a true “group” policy; the insurance company will not individually underwrite or decline any individual in the designated group.

What are the benefits of Group Personal Excess Liability?
  • Group Personal Excess Liability coverage is more affordable than if purchased individually
  • Employees can secure a higher limit of liability insurance under a Group policy than they might be eligible for individually
  • The limits of coverage and policy structure can be designed so that different classes of employees receive different limits
  • Choose one limit of coverage for all employees, or
  • Choose two or more limits for designated groups of employees
What are the policy heighlights of Group Personal Excess Liability?
  • Worldwide Coverage
  • Bodily Injury and Property Damage coverage for Outside Not-For-Profit Directors
  • All Dependents/Relatives (“Family Member”) Covered
  • Personal Injury Coverage
  • Employer Liability for Domestic Employee
  • Limited Business Pursuits Coverage for Volunteer, Charitable, and at home, or away from home business
  • Policy limits range from $1,000,000 to $50,000,000, and can be tailored to provide higher limits of coverage for selected employees
What are the other benefits of Group Personal Excess Liability?

The Premium Remains Constant No Matter How Many Vehicles Are Insured
Under an individual policy, failing to notify the carrier as to the purchase of a new car, home, or watercraft will result in a gap in coverage for that particular exposure. Under the Group policy, coverage is automatic for up to four homes, and an unlimited number of vehicles.

Coverage Cannot be Canceled Due to Claim History
Under the Group policy, individual claims do not affect the rate of the Group, or adversely affect the eligibility of the individual.

Automatic Coverage: No Additional Premium Charge for Newly Hired or Promoted Individuals to the Defined Group
Under the Group policy, new employees are automatically covered from the date of hire or promotion. There is no waiting period, and there is never a chance that there will be any “gap” in coverage due to an administrative failure to add an individual to the policy.

Insurance for…
  • ASP (Application Service Provider)
  • Computer Consulting
  • Data Processing Services/Programming
  • Disaster Recovery
  • E-commerce/Internet business
  • Hardware OEM Manufacturer
  • Information Services/Sites Providers
  • Internet Media/Publishing/ Advertising
  • LAN/Network management
  • Online Transactional Business
  • Search Engine/Portals
  • Software Developers/ Publishers
  • Systems Maintenance/ Installation
  • Temporary Staffing Agency
Full List of Eligible Businesses
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