Our Excess Liability Insurance provides an extra layer of protection, helping businesses mitigate large-scale liability claims that exceed the limits of their primary policies. At Canopius, we deliver comprehensive solutions tailored to middle and upper-middle market businesses, ensuring resilience and financial security in the face of unforeseen risks.
With a focus on flexibility and practical solutions, our policies are structured to accommodate complex liability exposures across various industries.
What we offer
Canopius provides innovative and customised Excess Liability Insurance solutions to safeguard businesses against significant financial losses. Our offerings include:
Follow-Form Excess Liability Policies:
- Lead Excess, Excess Layer, and Excess Layer Quota Share placements.
- ISO-based policies with proprietary forms, enabling customised coverage solutions.
- Follows the terms and conditions of the underlying policy, providing increased limits of liability protection.
Non-Admitted Coverage: issued through Canopius US Insurance, Inc. for enhanced flexibility.
Minimum Underlying Limits for Lead Excess:
- General Liability: $1M / $2M / $1M (USD).
- Auto Liability: $1M (USD) Combined Single Limit (CSL).
- Employers Liability: $500K / $500K / $500K (USD).
Our solutions are designed to seamlessly integrate with existing primary coverage, enhancing financial security against liability risks.
What we do
Our experienced underwriting team specialises in crafting tailored Excess Liability Insurance solutions, addressing unique exposures across multiple industries. We focus on:
- Structuring policies that align with clients’ operational and risk management strategies.
- Providing expert consultation on Lead Excess placements and excess layer structuring.
- Delivering practical solutions for both standard and complex liability scenarios.
- Supporting businesses with proactive risk assessment and customised policy solutions.
Coverage
Our Excess Liability Insurance provides extensive protection against diverse liability risks. Key areas of coverage include:
- Bodily injury and property damage: protection against liabilities arising from operational activities.
- Product and completed operations: covers risks associated with manufactured and distributed products, as well as completed operations.
- Commercial auto liability: excess protection for automobile-related liability claims.
- Employer liability: safeguards against employee-related claims exceeding primary policy limits.
Our policies are structured to provide comprehensive, adaptable coverage tailored to each business’s risk profile.
Our target markets
Canopius caters to middle-market and upper-middle market businesses, with annual revenues ranging from $10M to $1B (USD). Our expertise spans multiple industries, including but not limited to:
- Manufacturing: commercial, industrial, and consumer product manufacturers, including importers.
- Dealers, distributors, and wholesalers: sale and distribution of commercial, industrial, and consumer products, including importers.
- Construction: commercial and industrial specialty trade and general contractors, as well as residential remodel/repair exposures.
- Commercial real estate: coverage for property owners, including lessor’s risk.
- Retail and mercantile: coverage for a wide variety of store-front operations.
- Service sector: customised solutions for diverse service providers.
- Hospitality: hotels, catering businesses, and sports/recreational enterprises.
Selective coverage is available for habitational risks, large fleet exposures, and liquor liability risks, subject to specific attachment points and venue considerations.
Capacity
Canopius provides substantial capacity for Excess Liability Insurance, ensuring comprehensive risk management solutions:
- Maximum capacity: up to $10M (USD) available.
- Lead Excess placement limit: $5M (USD) maximum limits.
- Excess Layer placements: limits > $5M (USD) require a minimum attachment point of $10M (USD).
- Attachment point and capacity deployment are determined based on industry, operational scope, and individual risk profile.
What sets us apart
At Canopius, we combine expertise with commitment to deliver industry-leading solutions. Here’s what makes us a trusted partner:
- Specialised underwriters:our team possesses deep knowledge of complex liability exposures and develops innovative, practical insurance solutions.
- Customised policies: proprietary forms allow for tailored coverage aligned with each business’s unique risk factors.
- Proactive risk management: we stay ahead of market trends, ensuring policies adapt to evolving business needs.
- Efficient turnaround: our underwriting team strives to deliver decisions within 24 hours upon receipt of necessary information.
- Long-term stability: we remain committed to providing consistent support and market presence, even in volatile conditions.
Contact us
Speak with one of our expert underwriters today to learn more about our Excess Liability Insurance solutions. We’re here to help you find the right coverage for your business.
FAQs
What is excess liability coverage?
Excess liability coverage is a type of insurance that provides additional protection beyond the limits of the primary liability coverages and policies specifically scheduled. It kicks in when the underlying policy’s limits are exhausted, offering an extra layer of financial security in case of significant claims or lawsuits.
Does Canopius offer umbrella insurance?
We do not currently offer umbrella insurance coverage. Instead, we provide non-admitted coverage through our Excess Liability Insurance solutions. This may vary depending on specific situations, so it’s best to consult with our expert underwriters for more detailed information.
What is an example of excess in insurance?
An example of excess in insurance is when a business has a primary liability policy covering up to $1 million, but a claim exceeds this amount. If the business has an excess liability policy providing an additional $5 million in coverage, it extends protection beyond the primary policy’s limit. The excess policy would cover the remaining amount, subject to the excess policy limit, ensuring financial security.
What is the difference between primary and excess liability insurance?
Primary liability insurance is your first layer of protection — it pays claims up to a set limit. Excess liability insurance steps in if a claim goes over that limit, providing extra coverage subject to the excess policy limit. It doesn’t replace primary insurance but adds more financial protection for larger claims.
