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DIFFERING COVERAGES AND EXCLUSIONS OF YOUR GCL POLICY, EXCESS POLICY AND UMBRELLA POLICY

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THINK YOU’RE COVERED? UNDERSTANDING THE DIFFERING COVERAGES AND EXCLUSIONS OF YOUR GCL POLICY, EXCESS POLICY AND UMBRELLA POLICY A PRIMER After almost two decades in the construction industry I have found that most of my contractor and subcontractor clients do not understand the coverage provided by their Commercial General Liability Polices, Excess Policies and/or Umbrella Policies. In most instances, it is more important to understand what types of claims are excluded from coverage under these insurance products to better understand the limited coverage that is provided by each. In evaluating policies and coverage, the starting point is your Commercial General Liability Policy. I.          COMMERCIAL GENERAL LIABILITY POLICY [CGL] The typical post-1986 CGL policy is comprised of standardized forms and thus is primarily uniform from policy to policy.   These polices have identical built-in exclusions to coverage. However, the policies can and