A Commercial Excess liability policy protects businesses against third party major claims that could exceed their primary liability insurance protection. This product extends to include employers’, public/products and motor third party property damage liabilities.
Features & Benefits
- Available capacity is dependent on SIC covers as well as ventilation.
- Dedicated team covering underwriting, and claims management.
- US exposure understanding for our exporting clients with US clients/vendors
- Hard Currency policies
Who is it for?
- Excess of Loss (Follow Form): single-territory, international, multinational
- Umbrella - providing broadened cover across multiple small to medium sized risks.
- Non-conventional placements, difficult and potentially catastrophic risks.
- Multinational risks.
- North American exposures: both exported products and domiciled risks.
- Energy and utilities.
- Construction.
- Manufacturers such as chemicals, minerals, metals, electronics and machinery.
- Service industry and financial institutions.
- Communication, media and technology.
- Food and beverage.
- Retail.
What is covered?
- Providing excess capacity above primaries irrespective of where primary is placed.
- Umbrella Liability providing capacity as well as unique broadened cover across multiple risks.
Excess Liability policies are short-term products and are underwritten by AIG South Africa Limited, FSP No: 15805