Group Personal Excess Liability Explained

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.

• 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

• 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

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.