Umbrella / excess
A policy that sits above primary GL, auto, and employers liability limits.
What it means
CU 00 01 is a common commercial umbrella form. It follows the underlying policies unless an umbrella endorsement excludes something the primary still covers. Drop-down and retained-limit wording matter when a primary aggregate is exhausted.
Why it shows up
Contracts often ask for $2M or $5M total. That is usually primary plus umbrella, not a $5M GL occurrence limit.
What to look for
- Underlying schedule
- Follow-form versus broader coverage
- CU 24 03 waiver
Coverbird reads the declarations and form schedule on the PDF you already have. It does not sell insurance or say whether a limit is enough.
Upload a policy to find this on yoursForms that implement this
Related terms
- Per occurrence vs aggregate
Per occurrence is the most the policy will pay for one event. Aggregate is the most it will pay for the term.
- Waiver of subrogation
An endorsement that limits the insurer’s right to recover from another party after it pays a claim.