Executive Liability

///Group Personal Excess Liability
Group Personal Excess Liability 2016-11-04T16:05:57+00:00

Group Personal Excess Liability

Group Personal Excess Liability Insurance is a comprehensive benefit for key personnel, managers, and employees. Group Personal Excess Liability provides up to $50,000,000 personal liability coverage for each employee in a defined group, and helps to assure that the most valued staff members’ personal assets are protected. In addition, it awards a cost-competitive insurance product to valued employees. Group Personal Excess Liability Insurance is a true “group” policy; the insurance company will not individually underwrite or decline any individual in the designated group.

Benefits of Group Personal Excess Liability insurance

  • Group Personal Excess Liability coverage is more affordable than if purchased individually
  • Employees can secure a higher limit of liability insurance under a Group policy than they might be eligible for individually
  • The Uninsured/Underinsured Motorist limits available are higher than available to individuals (up to $5 million)
  • The limits of coverage and policy structure can be designed so that different classes of employees receive different limits
  • Choose one limit of coverage for all employees, or
  • Choose two or more limits for designated groups of employees

Minimum Requirements:

  • $15,000 minimum premium
  • Eligibility determined by headquarters of company/firm/association
  • Mandatory programs require minimum of 10 participants
  • Voluntary programs require minimum of 50 eligible participants (subject to participation requirements)
  • For groups with less than 25 participants, each participant must fill out individual questionnaire

Sample Group Excess vs. Individual Coverage & Premium Comparison
gpex table

Click here for video overview of product

Fred Gaston
P: 914-864-1168