Nuclear jury awards and multi-vehicle commercial accidents routinely exceed standard $1,000,000 primary liability limits. Excess umbrella towers provide catastrophic protection.
1. Excess Tower Structuring Rules
- Follow-Form vs. Standalone: Ensuring excess layers follow the exact terms, conditions, and defense provisions of the underlying primary policies.
- Drop-Down Provisions: Verifying that umbrella coverage drops down to cover losses when primary aggregate limits are exhausted.
- Syndicated Quota Share: Spreading $50M+ capacity across multiple global underwriters to reduce single-carrier insolvency exposure.