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    While primary insurance policies offer significant amounts of Liability coverage, there is a maximum coverage limit provided by primary policies. While Excess Liability Insurance policies do not broaden the coverage of an underlying policy, they do provide higher coverage limits for legal suits.
    Any business that desires to increase the limits of a single primary policy should consider supplementing their policy with Excess liability coverage
    As costs associated with liability suits continue to rise, more and more Massachusetts businesses are turning to Excess Liability policies for additional protection. Any business that desires to increase the limits of a single primary policy should consider supplementing their policy with Excess liability coverage.

    What is Excess Liability Insurance?

    While primary insurance policies offer significant amounts of Liability coverage, there is a maximum coverage limit provided by primary policies.  While Excess Liability Insurance policies do not broaden the coverage of an underlying policy, they do provide higher coverage limits for legal suits.  

    Excess Liability Insurance Massachusetts

    What Massachusetts Businesses is Excess Liability Coverage Right For?

    As costs associated with liability suits continue to rise, more and more Massachusetts businesses are turning to Excess Liability policies for additional protection.  Any business that desires to increase the limits of a single primary policy should consider supplementing their policy with Excess liability coverage. In these situations, Excess Liability is usually the most affordable way to obtain extra protection.  Businesses that want to enhance coverage, or to supplement multiple policies simultaneously, are frequently better off with an Umbrella policy.

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    Customers Love Us

    • When I called the staff at Paul T. Murphy Insurance, they explained how auto reform would allow me to increase coverage and save money at the same time. I moved my home and umbrella insurance to my current auto carrier and saved over $350. In July 2008 when my auto insurance renews with Safety Insurance, I will save another $300 just for having my auto and home insurance with the same company. The staff at Paul T Murphy Insurance Agency really understands the new Massachusetts reform and how to pass savings and additional coverage to their clients.

      Frank

      Winchester, MA

    • After many years of doing business with the Paul T. Murphy Insurance Agency, I am thrilled to learn of this relationship with Northrup to service the Lynnfield area. I have trusted both my personal and business policies with Paul and have never received less than the best of service. I like the face that they service as professionals but treat you like a friend. Recently during a complicated Workers Comp claim, Paul showed up to walk me through what I thought would be a mess of paperwork and confusion – the personalized service I receive spoke volumes. I have never gotten service like that from anyone else. I also like the fact that they are always ready to save me money without ever compromising my coverage.

      Tony Bartolo

      Lynnfield, MA

    • One of the best business and personal decisions I ever made was to collaborate with Paul Murphy Insurance Company for our families insurance needs. Starting with our business policies, then eventually all of our personal policies, we have slowly transitioned all to be managed by PMI. Many companies loosely tout that they treat you as one of the family; PMI proves it in their actions. We are glad we are part of their family.

      Kelly Ilebode

      Boston, MA

    Are Excess Liability Policies Expensive?

    Businesses are turning to Excess liability policies partly because these policies offer very affordable.  Since they only increase the limits of an underlying policy, rather than provide additional coverage types, they can remain affordable. 

    How Does Excess Liability and Umbrella Insurance Differ?

    Umbrella Liability Insurance is another form of secondary liability coverage, but it differs from Excess liability coverage in important ways.  Excess liability policies tend to adopt the terms, conditions and exclusions of one underlying policy that they supplement.  Umbrella policies often come with their own terms, conditions and exclusions, and these may differ from what an underlying policy offers.  Since Umbrella policies do not strictly follow an underlying policy, they’re able to fill in coverage gaps, supplement multiple policies and increase limits.

    Excess Liability Insurance Massachusetts

    How Can Massachusetts Businesses Get Excess Liability Insurance?

    Setting up an Excess Liability policy is a complex process that requires reviewing all of the underlying policy’s coverage limits. For this reason, business owners should consult with one of our Business Lines Insurance professionals to assist with purchasing an Excess Liability policy.  Out agents will be able to determine whether an Excess Liability insurance policy is truly the best form of supplemental insurance for a business.  Our agents can review any underlying policy and compare Excess Liability rates and coverages.

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    Paul Murphy Insurance • 628 Broadway, Rt 99 Malden, MA 02148 • 781.321.9700


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    This material is for informational purposes only. All statements herein are subject to the provisions, exclusions and conditions of the applicable policy, state and federal laws. For an actual description of coverage, terms and conditions, please refer to the applicable insurance policy or check with your insurance professional. The illustrations, instructions and principles contained in the material are general in scope and, to the best of our knowledge, current at the time of publication.

     

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