There is no standard premium for Excess Liability Insurance.

Each insurer assesses the likelihood and potential severity of a claim reaching its particular layer.

What can affect the premium? #

Factors can include:

• Type of underlying insurance
• Underlying policy limit
• Attachment point
• Additional limit required
• Business activities
• Industry
• Turnover
• Contract values
• Project types
• Claims history
• Known circumstances
• Territories and jurisdictions
• Underlying insurer and wording
• Treatment of defence costs
• Other layers in the program

A higher Excess Liability layer may sometimes cost less than a layer closer to the primary insurance because it is less likely to be reached.

However, pricing is not simply a fixed percentage of the primary premium.

Minimum premiums, insurer capacity and individual underwriting can also materially affect the price.

Contact our team if you need an Excess Liability quotation.