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Why AB Coverage is Better

The Benefits of A/B Coverage

Not all umbrella liability coverage is the same.  Unlike other umbrella liability programs, EZU offers you the advantages of an A/B coverage form:

Coverage A

  • Responds to multiple coverage triggers
  • Follows scheduled underlying coverages

Coverage B

  • “True Umbrella” feature
  • Retention in almost all states of $0 (NY is $10K)

As always, you should examine the policy form carefully.  Definitions which are applicable to Coverage B only do not apply to Coverage A.  If you would like to examine the master policy forms, we have provided them here for your convenience.

Newly Acquired Entities

  • Over Coverage B definition of Named Insured automatically includes newly acquired entities, without any reporting requirement.

Reasonable Expenses

  • Reasonable expenses of an insured include actual loss of earnings because of time off from work, when the insured is assisting us in defense of a claim or suit.

BI / PD Exclusion Carve Back

  • Ordinarily, an umbrella policy will not apply to bodily injury or property damage expected or intended from the standpoint of the insured.
  • In the EZU program, this exclusion does not apply to bodily injury or property damages resulting from the use of reasonable force to protect persons or property.

Personal & Advertising Injury

  • Coverage includes consequential bodily injury arising out of P&AI offenses.
  • We include oral or written publication of material, in any manner.
  • We include discrimination, when insurance thereof is not prohibited by law, other than employment related practices.
  • P&AI also includes mental anguish, mental injury, humiliation, or shock if directly resulting form an offense listed in items a through h in the policy.

 

The Disadvantages of Other Umbrella Forms

Not all umbrella liability coverage is the same.  Unlike other umbrella liability programs, EZU you offers you the advantages of an A/B coverage form:

ISO & Standalone Umbrellas

  • Structure of policy exclusions make gap more likely
  • Limited degree of “true umbrella” coverage
  • Insuring agreement is hard to find
  • Non-standard language
  • Do not follow form excess totally
  • Definitions may be a problem
  • One insuring agreement for all

Excess Liability Policies

  • Coverage is no broader than underlying policies
  • Contains its own set of terms, definitions and exclusions
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