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You can purchase an Excess/Umbrella policy to increase your liability limits.
similar - umbrella usually a personal lines excess coverage. excess liability policy could be anything. Both are designed to provide another layer of protection over and above the underlying policy(ies)
The Aggregate coverage is the maximum the policy will pay out in any given policy term. .
Limited Liability Corporation
i think its unlimited liability
You can purchase an Excess/Umbrella policy to increase your liability limits.
Premises and operations.
Most insurance companies will write 1,000,000 per occurrence with a 2,000,000 aggregate. If you wanted a total of 5,000,000 you would need a 4,000,000 umbrella/excess liability policy. But to answer your question it depends on the type of risk.
The term 'excess' insurance is usually for liability coverage. An excess liability policy is also commonly referred to as an 'umbrella' policy because it offers additional coverage over other liability coverages. In the case of a subcontractors insurance, it would be a policy which would extend higher limits than the base policy on general liability and auto liability.
One Insurers total liability of a series of policies owned by the same Individual or Company
No
Yes it is a current liability
On a general liability policy, the general aggregate is the highest amount that will be paid out in a policy period no matter how many claims. For example, you may have a $1 million per occurrence limit which would mean with a $2 million aggregate, you could theoretically have (2) $1 million claims.
I believe the term you are meaning to say is excess liability coverage. An excess liability policy act similar to an Umbrella policy that increases your liability limits on your underlying auto, home, boat, or rv policies at a very reasonable rate. An excess liability policy does differ from a true Umbrella policy so ask your agent to explain the differences and what is available for you.
Annual Aggregate Deductible
No, billings in excess of costs are a current liability.
What is excess of total liability over a total assets?