ACORD 131 | Insurance Software development

What does EXCESS Commercial Insurance (ACORD 131) mean?

Author - Webner
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5:23 am
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Introduction

Excess Liability insurance is defined as a type of coverage policy that provides limits that exceed the underlying liability policy. It does not concern the broader range incidents covered by the primary insurance that means it does not expand the stated coverage but provides higher limits on top of the original policy. The primary goal of Excess Liability insurance is to close the coverage gaps and to offer an extra layer of reassurance in case the underlying insurance is exhausted of all possible resources.

How does EXCESS Commercial Insurance Policy work?

When someone reports a […]

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