What is Group Personal Excess Liability Insurance?
Excess Liability insurance is a critical but often overlooked component of personal risk management. It provides additional
protection that is designed to apply should the costs of a lawsuit or damages exceed the liability limits of their primary
policies for home, automobile, watercraft, and recreational vehicles. You can make this benefit available to your employees
as a mandatory corporate benefit or an employee-elected voluntary program.
Liability protection with a streamlined approach
Group policy offers all the benefits of personal excess liability insurance but with higher policy limits than are
typically available on individual policies, comprehensive coverage, and streamlined individual underwriting. Plus, with the
buying power of a group policy, individuals can purchase coverage at a group rate.
Group criteria
• Each Group Personal Excess Liability program, whether mandatory or voluntary, requires a minimum of
25 participating employees.
• Limits up to $10 million are available for voluntary programs.
• For voluntary programs, participation targets will be set based on the overall group size, and each participant who
enrolls will select their own policy limit.
• For employer-provided mandatory programs, higher limits may be available.
Just like you plan for retirement, or save for your children’s college education, excess liability insurance is an important
part of a strong financial plan. A policy from your employer’s Group Personal Excess Liability program responds when
the underlying liability limits of other policies, such as home and auto, aren’t enough to cover the unexpected costs of a
lawsuit or accident. These underlying policies often have relatively low policy limits that could be inadequate for many
real-life scenarios such as the ones below.
When you and your family are involved in legal action
A Group Personal Excess Liability policy can help protect you, your family and your hard-earned assets in many unfortunate situations.
Fire spreads to surrounding apartments
Group Personal Excess claim payment: $2,800,000
When this Group Personal Excess client accidentally left the flame of his gas stove unattended, a fire started in his
apartment and quickly spread to surrounding units. While no one was injured, the fire caused significant property
damage. The client’s excess policy covered property damage to neighboring apartments, their personal property, and
additional living expenses for the displaced residents. His homeowner’s policy covered $400,000; his excess policy
covered $2.8 million.
Dog bites young girl
Group Personal Excess claim payment: $2,000,000
This Group Personal Excess client was traveling with his dogs, which were leashed. A young girl asked to pet the dogs,
which the client allowed. However, when the girl pet one of the dogs, it bit her, causing significant injuries. She was
airlifted to a hospital and underwent surgery. The client’s excess liability policy paid $2 million to the family to support the
girl’s physical and mental health.
College student causes water damage to dorms
Group Personal Excess claim payment: $25,000
When this Group Personal Excess client’s son left a sink running in his dorm, it overflowed and caused water damage to
two other dorms as well. The total damage was $25,000. Although the client’s homeowner’s insurance did not provide
coverage for additional locations, the excess liability policy was available to pay the loss.
At fault accident with authorized driver
Group Personal Excess claim payment: $5,000,000
This Group Personal Excess client’s daughter allowed a friend to drive her car. While speeding, the driver lost control of
the car, which jumped an embankment and struck a building, severely injuring another passenger. The client’s auto
insurance policy paid $500,000, and the excess liability policy paid an additional $5 million to the injured passenger.
Painter falls while working on home
Group Personal Excess claim payment: $600,000
This Group Personal Excess client’s house painter leaned over a railing and fell 15 feet. With no medical insurance or worker’s
comp to cover his expenses, the painter sued the homeowner. The case settled for $900,000. The client’s homeowner’s
policy paid $300,000, and the excess liability policy paid $600,000.
When others don’t have enough coverage
A Group Personal Excess Liability policy doesn’t just protect you when your underlying policies aren’t enough. It may also provide
payments for when others don’t have enough coverage.
Sleepover ends in injury
Group Personal Excess
claim payment: $1 million
While sleeping over at a friend’s house, this Group
Personal Excess client’s daughter was injured by
an accident in the home, leaving her with severe
eye injuries. The friend’s family had homeowner’s
coverage, which paid up to a limit of $300,000, but did
not have excess liability coverage. The client’s excess
liability policy covered another $1 million for medical
expenses, pain and suffering, and long-term care costs.
Accident with underinsured motorist
Group Personal Excess
claim payment: Over $1 million
This Group Personal Excess client’s spouse was in a
car accident and severely injured his arm, requiring
multiple complex surgeries. Because the other driver
didn’t have sufficient liability coverage, the
client’s Uninsured/Underinsured (UM/UIM) coverage as
part of the excess policy paid his medical bills and lost
wages in excess of $1 million.
Does your company have coverage like this? If not, call use for a quote!