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Commercial Real Estate Umbrella

Established more than 20 years ago, a risk purchasing group for umbrella liability policies underwritten through AXA XL Company and Chubb Group of Insurance Companies for the excess layer.

Currently we have four umbrella limits available $5 Million, $10 Million, $15 Million, and $25 Million. Up to $50 Million in total limits are available-the first $25 million provided by AXA XL Company and an additional $25 Million by Chubb Group of Insurance Companies.

Key product attributes:

  • The financial security of AXA XL Company
  • The financial security of Chubb Group of Insurance Companies receives consistently high ratings for financial strength from A.M. Best, Moody’s and Standard & Poor’s, the leading independent analysts for the insurance industry.
  • Coverage E of the form is a following form umbrella. This means the umbrella policy will follow the underlying package terms and conditions.. It will rely on the definitions used in the underlying; if coverage exists there it will be covered under this policy as well; unless specifically excluded.
  • Developer Sponsored Boards are eligible
  • High Rise Associations or Apartments to thirty-five (35) stories are eligible. Higher buildings are eligible by referral.
  • Excess of Directors & Officers, General Liability, Automobile, Employee Benefits, Employers Liability,Including Employment Practices Liability* (*if covered under the D&O). The Chubb Group of Insurance Companies policy (25 excess of 25) has an EPLI exclusion.
  • Time shares are ineligible for the AXA XL Company Policies

Minimum Underlying Insurance Requirements: Underlying Carriers: Best's Rating A-VII or better

Underlying Carriers:

Best’s Rating A-VII or better

General Liability:

$1,000,000 Per Occurrence

$1,000,000 Personal & Advertising Injury

$1,000,000 Products/Completed Operations/Aggregate

$2,000,000 General Aggregate Per Location (no “CAP”)


$1,000,000 Auto Liability BI/PD Combined Single Limit for all autos

Employers Liability:

All States

$500,000 Each Accident

$500,000 Each Disease/Employee

$500,000 Each Disease/Policy Limit

Directors and Officers:

$1,000,000 Per Occurrence and Aggregate

Liquor Liability:

$1,000,000 Per Occurrence and Aggregate

Employee Benefit Liability:

$1,000,000 Per Occurrence and Aggregate

Program Highlights:

  • Following Form Named Insured
  • Following Form General Liability
  • Directors & Officers Liability Following Form Provisions
  • Following Form EPLI to the extent that insurance is provided under underlying D&O
  • Following Form Liquor Liability
  • Following Form Automobile (Coverage E)
  • Following Form Employers Liability (Coverage E)
  • Following Form Employee Benefits Liability (Coverage E)
  • Following Form Personal Injury
  • Disaster Response Coverage Endorsement $50,000
  • Claims Made Endorsement (where an underlying policy is Claims Made)
  • Following Form Aggregate Per Location (multi-location risks must have “per location aggregate” on primary general liability policy)
  • $10,000 Coverage U Self Insured Retention NY Only
  • Certified Act of Terrorism Retained Amount Provisions -Coverage U
  • Disclosure of Terrorism
  • Per Location Limit and per location aggregate. No shared limits, each association has their own limits on a per location basis. No “hidden program aggregates”.
  • Coverage available in all 50 states.

Our Exclusions:

  • Lead Liability Exclusion (Coverage E&U)
  • Mold, Rot or Other Fungi Exclusion
  • Earth Movement or Subsidence Exclusion
  • Care, Custody or Control Exclusion
  • Pollution Exclusion with Named Peril Exception
  • Errors and Omission Exclusion (Real Estate Agent)
  • Communicable Disease Exclusion
  • Other exclusion may be applicable based on state requirements

  • Construction Defect Exclusion
  • Foreign Liability Exclusion
  • Contaminated Drywall Exclusion
  • “No Fault”, “Uninsured Motorist” or “Underinsured Motorists” Laws exclusion
  • War Liability Exclusion
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