Bypass navigation bar Search Home

Sign In

Umbrella Liability

 

Section 20.3.18
Revised 05-01-12

A. DEFINITION OF COVERAGE   

This type of  policy can provide excess coverage for the District's underlying policies of automobile liability, general liability, educator's legal and worker's compensation.  Currently, the district does not carry an umbrella policy as the  underlying limits are sufficient.

B. LIMITS AND DEDUCTIBLES    

                                      Limits:  $4 million each occurrence

Underlying policy limit retention: $1,000,000 each occurrence

C. CLAIMS    

Reference Section 20.2.0 for standard procedure.

D. CHARGES    

The initial charge is made to the Prepaid Insurance Account 11-11-000000-74200. At fiscal year end, the insurance premium is distributed to account 11-XX-107080-23721 based upon the square footage per location.