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Umbrella Liability Policy

The Umbrella Liability Policy from Tata AIG covers legal liability arising from bodily injury, property damage, personal injury, or advertising injury. It provides excess liability coverage above primary policies and drops down to provide coverage when primary limits are exhausted. Key features include a duty to defend form where Tata AIG defends lawsuits, umbrella coverage that sits above multiple primary policies, and excess limits when underlying policies limits are used up. Key exclusions are war, asbestos exposure, and obligations under workers compensation law.

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36 views1 page

Umbrella Liability Policy

The Umbrella Liability Policy from Tata AIG covers legal liability arising from bodily injury, property damage, personal injury, or advertising injury. It provides excess liability coverage above primary policies and drops down to provide coverage when primary limits are exhausted. Key features include a duty to defend form where Tata AIG defends lawsuits, umbrella coverage that sits above multiple primary policies, and excess limits when underlying policies limits are used up. Key exclusions are war, asbestos exposure, and obligations under workers compensation law.

Uploaded by

Narayana Mugalur
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Umbrella Liability Policy

Covers legal liability of the insured arising out of bodily injury, property damage . personal injury or advertising injury.

Why Tata AIG?

TATA AIG brings to you one of the most extensive worldwide network, with presence in more than 130 jurisdictions.
Our form is a duty to defend form which means client will not have to bear the brunt of litigation as under the express
terms of the policy we will defend the client in any lawsuit.
Key Features

Duty to defend form

Acting like an umbrella it sits over multiple primary policies, in addition to providing broader coverage

it provides excess limits when the limits of underlying liability policies are exhausted by the payment of
claims

Umbrella comes with a drop-down feature, narrowing coverage gaps


Key Exclusions

War

Asbestos exposure

Any obligation of the Policyholder under Workers Compensation Law


NOTE: Please refer policy wordings for detailed coverage, exclusions and conditions.

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