Umbrella insurance is a stand-alone policy that contains its own coverage, exclusions and conditions. It provides excess limits over other liability coverage forms or policies. Additionally, because it is a stand-alone coverage, it may include coverage that is not included in the underlying policies.
Kraft Lake has a home for Umbrella risks of just about any size. This allows you to ensure that your customer had adequate coverage for their loss exposures. Additionally, adding an Umbrella policy is a good way to improve your agency’s retention.
Classes:
Umbrella
Description
Under our Umbrella program, Kraft Lake can write Umbrella policies with $5, $10 or $25 million limits.
Target Markets
Construction
Restaurant
Hospitality
Retail
Manufacturing
Service
Real Estate
Wholesale
Features
Written on an A/B format (excess and umbrella)
Defense costs are always in addition to the limit of insurance
Submission Requirements
Your Foremost/Bristol West/Zurich Small Business Agent Code
Completed application
Large Umbrella
Description
Under our Large Umbrella program, Kraft Lake can write Umbrella policies with limits from $25 million up to $250 million.
Target Markets
Condominiums and Cooperatives
Apartments
Office Buildings
Strip Shopping Centers
Industrial Parks
Warehouses
Hospitality Risks
Features
Primary GL on a guaranteed cost basis with no exclusions for lead or mold
Can mix Habitational, Commercial and Hospitality exposures on a single policy
Can include D&O coverage for Condos and Cooperatives
Submission Requirements
Your Foremost/Bristol West/Zurich Small Business Agent Code
