Commercial General Liability Insurance
Requirements
You must ensure the general liability insurance coverage is at least
- $1 million per occurrence/$2 million general aggregate limit, plus
- excess/umbrella insurance as follows:
|
If the number of aggregate units covered by the policy is... |
The minimum excess/umbrella insurance coverage is... |
|---|---|
|
Up to 250 |
$1 million |
|
251 - 500 |
$2 million |
|
501 - 1,000 |
$3 million |
|
1,001 - 2,000 |
$5 million |
| 2,001 - 5,000 | $10 million |
| 5,001 - 10,000 | $15 million |
| More than 10,000 | $20 million |
The following maximum deductibles or self-insured retention, or combined deductible and self-insured retention, apply to
- general liability,
- umbrella/excess liability, and
- professional liability.
|
Maximum Deductibles for All Other Perils |
|
|---|---|
|
For... |
The maximum deductible amount per occurrence based on the Total Insurable Value is... |
| Specific Limit Insurance Policy | |
| Specific Limit Policies | $50,000 |
| Blanket Deductibles | |
| Blanket Policies | $250,000 |
| Expanded Deductibles1 | |
|
Policies other than NFIP less than $10 million |
$100,000 |
|
Policies other than NFIP $10 million or more |
$150,000 |
|
1 Expanded deductibles must meet all of the following:
|
|
You must ensure the aggregate coverage meets or exceeds the required minimum limits using any combination of
- primary liability insurance, and
- excess/umbrella insurance coverage.
Guidance
You may include general liability exclusions within the scope of ISO Form CG 00 01 04 13, or its equivalent.
The maximum deductible amount, per occurrence, is the combined deductible for both the
- underlying general or professional liability, and
- excess/umbrella liability.