Agency Umbrella


Westport (SwissRe) Commercial Umbrella Q&A     

Q: What are the minimum primary limits required?
A: Required underlying limits:
·   E&O: $1,000,000 per occurrence / $1,000,000 aggregate
·   GL: $500,000 per occurrence / $500,000
·   PI / PA: $1,000,000 products aggregate / $1,000,000 general aggregate
·   Commercial Auto: $500,000 CSL or $500,000/ 500,000 BI - $250,000 PD
·   Employer Liability: $100,000 / $100,000 / $500,000
·   Watercraft Liability: $1,000,000
·   Employee Benefits: $500,000 / $500,000 or match GL limit if higher
Q: Is the umbrella on an occurrence or claims made form?
A: Both.
The umbrella is an occurrence form when providing coverage over primary commercial auto liability, comprehensive general liability, employer’s liability, watercraft liability and other occurrence coverage forms. It provides following-form protection over the primary insurance agents E&O policy and thus us a claims made form for this line.
Q: Does the umbrella offer an extended reporting period (ERP or tail) for the E&O?
A: Yes, ERP is offered up to 10 years depending on what the primary E&O policy offers.
 Umbrella Application Prof Liab Supplement.pdf(Non-Westport policyholders)

Amanda Juratovic.jpgAmanda Juratovic,
E&O Administrator