What does a stand-alone excess liability policy provide?

A stand-alone excess liability policy provides coverage that supplements the base policy limits. This type of policy is designed to offer additional liability coverage beyond what is included in an underlying primary insurance policy, such as a general liability or auto liability policy. When a claim exceeds the limits of the base policy, the excess liability coverage kicks in, offering an extra layer of protection.

This is especially important for individuals or businesses that may face significant liability exposure, as it helps protect their assets against large claims that could otherwise lead to financial distress. By having a stand-alone excess liability policy, insured parties can ensure that they have adequate coverage for high-risk scenarios where liability claims could far exceed the basic coverage limits.