Americans are confronted by multiple risks that threaten financial assets and lifestyles. Personal liability lawsuits can run in the multi-million dollar range, and in such cases, personal liability insurance alone may not be enough. Group Personal Excess Liability Insurance offers an attractive solution for helping to preserve assets in the face of an ever-increasing array of liability exposures.

• Provides additional liability coverage to help protect you against damages and lawsuit costs in the event of a serious loss or accident.
• Optional insurance covers you for bodily injury, personal injury and/or property damages to third parties, over and above the coverage that you may have through other insurance policies.

This insurance is generally purchased to provide limits over and above primary insurance and to potentially provide coverage where a coverage gap may exist. 

Your auto, homeowner and watercraft policies may not provide enough protection in the event of a serious loss. You can get additional coverage from an “excess policy” which provides coverage in excess of your primary insurance. For example, if you have a car accident, your primary auto insurance policy would be your first level of coverage, or primary insurance; the Group Personal Excess Liability Insurance would be the final level of coverage after all other applicable policy limits are exhausted.

Examples of situations this coverage could potentially address are:

• Serious auto and boat accidents
• Incidents involving pets, i.e. dog bite
• Youthful driver claims
• Swimming pool accidents
• “Slip and fall” accidents on your property
• Snowmobile, watercraft, and recreational vehicle claims
• Identity fraud expenses up to $25,000 per occurrence
• Service on a homeowner’s condominium or cooperative association, if not for profit

The policy will pay all sums that you may become legally obligated to pay for a covered bodily, injury, personal injury or property damage claim in excess of the required underlying limit. Coverage applies to personal injury and property damage worldwide if the incident occurs when the policy is in effect.

Your eligibility date to enroll is the first day you are actively at work on or after your date of hire. You can also enroll in in this coverage during Annual Enrollment.

Enrollment in Group Excess Liability is for a calendar year. If you enroll in the plan mid-year your coverage is only effective for liabilities incurred after your Group Excess Liability coverage effective date. You will have the opportunity to cancel or make changes to your coverage during the next year’s Annual Enrollment period.

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Coverage

Rates

Exclusions & Limitations