Excess Layer Liability Policy Insurance
If a limit of Indemnity is required which is higher than that which your Insurer currently provides or is able to provide. The Excess Layer Policy can be arranged in order to provide the level of indemnity required. A claim which is in excess of the limit under the base policy will be met by the additional policy.
If you require Excess Layer Liability insurance , then talk to us about your requirements. We will work with you to ensure that your insurance needs are kept in line with your business requirements and that you fully understand your insurance policy and what it covers. Does your current insurance provider give this level of service to you? If you can't answer yes, then call us today for a friendly no-obligation quotation and discussion.
In brief, the Excess Layer Liability Insurance Policy covers:
Excess Layer Liability Insurance enables you to obtain higher limits of indemnity for your Liability Insurance covers over and above that provided by your existing Insurer. Alternatively, it may be a cost effective way of obtaining higher limits of indemnity without using the full capacity of the existing Insurer.
This arrangement can be used for Public/ Products Liability, Employers Liability and/or Professional Indemnity covers
An example of how the cover operates is as follows:
A contractor holds a Public Liability Policy with a Limit of Indemnity of £5,000,000 which had previously been adequate to meet all contractual obligations and risks on which he had been working. He secures a Local authority contract which requires him to have a Limit of Indemnity of £10,000,000. The existing Insurer is unable to provide any more cover than it already does so our client purchases an Excess layer cover of £5,000,000 over the Primary cover of £5,000,000.
In the event of a claim the Primary Insurer pays all claims up to £5,000,000 and the Excess Layer Insurer pay all claims over that amount.
Key Points
- We will fully explain the Excess Layer Liability Insurance policy cover to you.
- We will provide you with an 'easy reference' schedule.
- You will have a dedicated account manager for the life of your Excess Layer Liability Insurance policy.
What happens in the event of a claim?
Our role is to ensure that any claim made is settled with the minimum of delay, this is demonstrated by our proven claims management procedures and dedicated claims system backed up by experienced members of staff.
Contact us
Call us now on 01489 579808 for a free no obligation quotation
Testimonial
"We have been a client of Greenfield Insurance Services for the past 10 years. We use them because of the Personal Service that they offer – “the customer always comes first”. This is very important to us, they always do what we ask, they take up issues on our behalf and ensure that the insurance is tailored to our business needs. They are very helpful and responsive. I would recommend their services to other businesses."
Peter Aldridge
T&H Contract Services
