Excess Liability Insurance in Denver, Colorado

Why Denver Businesses Need Higher Liability Limits

Excess liability insurance increases the liability limits of your primary policies like general liability or commercial auto. When a claim exhausts your underlying policy limit, excess coverage pays additional amounts up to its limit. Unlike umbrella policies that may broaden coverage, excess liability typically follows the exact terms and conditions of your underlying policy. This makes it straightforward additional protection for Denver businesses that need higher limits but don't require the broader coverage umbrella policies provide.

What Does Excess Liability Insurance Cover?

Excess liability provides additional coverage limits following the same terms as your underlying policy. When your primary policy limit is exhausted by a covered claim, excess coverage continues paying up to its limit. Coverage includes bodily injury and property damage liability, personal and advertising injury, and medical payments. The policy applies after your primary coverage is fully used. Defense costs may be included or in addition to policy limits depending on your policy structure.

Benefits of Excess Liability for Colorado Businesses

Contracts and clients often require higher liability limits than standard policies provide, and excess liability helps you meet those requirements. Severe accidents can result in claims exceeding primary policy limits, putting your business assets at risk. Excess coverage protects your business from catastrophic liability judgments and is more affordable than increasing primary policy limits alone. For high-risk operations in Denver, excess liability provides peace of mind knowing you have substantial protection in place.

Excess Liability vs. Umbrella Insurance

Excess liability simply adds higher limits to existing coverage without changing terms or conditions. Umbrella policies provide higher limits and may broaden coverage to include some exposures excluded by underlying policies. Umbrella coverage typically sits over multiple underlying policies, while excess usually attaches to one specific policy. Our agents can help you determine whether excess liability or umbrella coverage better suits your business needs.

How Are Excess Liability Premiums Calculated?

Premiums are based on your underlying policy limits and exposures, claims history, industry risk, and the excess limits you purchase. Excess coverage typically costs less per dollar of coverage than primary limits due to lower probability of claims reaching excess layers. Maintaining a clean claims history and strong safety practices can help keep your excess liability premiums affordable.

Get an Excess Liability Insurance Quote in Denver, Colorado

Our excess liability insurance agents serve Denver, Colorado and surrounding areas including Aurora, Golden, Lakewood, Thornton, and Westminster. Contact Seguros Ideal Inc today for a free quote.