Commercial Umbrella & Excess Liability (CE Credits Available)

Description

(CE AVAILABLE IN ALL STATES EXCEPT: FL, HI, KY, LA, ME, MD, MN, NV, NJ, NY, ND, OH, OK, RI, SC, TN, & VT)

Please note: Texas requires 3 student minimum for CE course. If your resident state is TX and the course does not have 3 students or more enrolled, CE credit cannot be given.

A complete review of the commercial umbrella policy is provided in this class. Included is the arrangement of the policy, coverages provided, conditions, endorsements, exclusions, and the difference between Umbrella Liability and Excess Forms.

The following topics are included:

• How Umbrella Liability differs from Excess Liability and which has broader coverage
• A detailed review of coverages
• Bodily Injury and Property Damage Liability coverages, including:
• Coverage extensions
• Coverage exclusions
• Personal and Advertising Injury coverages, including:
• Exclusions
• Insuring Agreement
• How the umbrella handles supplementary payments
• A direct focus on the importance of listing underlying policies as well as:
• Matching coverage forms
• Having the correct limits
• Matching effective dates
• The conditions of an umbrella policy as well as definitions
• Review of the Acord Umbrella Application