Umbrella Liability Insurance for Contractors

1. Chapter 1 Introduction and Overview
2. Chapter 2 Basic Umbrella Concepts
   1. The Need for Umbrella Insurance
   2. Basic Umbrella Terminology
      1. Primary versus Secondary Coverage
      2. Umbrella versus Excess Coverage
      3. Follow Form versus Stand-Alone Coverage
      4. Umbrella/Excess "Capacity"
      5. "Drop Down"
      6. Self-Insured Retention
   3. Structure of an Umbrella Policy
      1. Declarations Page
      2. Schedule of Underlying Insurance
      3. Policy Coverage Form
      4. Endorsements
   4. Functions of an Umbrella Policy
3. Chapter 3 The Insuring Agreement
   1. Insuring Agreement
      1. Amount Payable
      2. Who Is an Insured
      3. Attachment Point
      4. Covered Damages
      5. "Occurrence" versus "Offense"
      6. Known Loss Provision
      7. Coverage Territory
      8. Duty To Defend
      9. Method of Providing Coverage
4. Chapter 4 Umbrella Exclusions
   1. Aircraft/Watercraft Liability
   2. Autos Not Covered by Underlying Insurance
   3. Contractual Liability
   4. Cross Liability (Insured versus Insured) Claims
   5. Nonspecified Classifications Exclusion
   6. "Damage to Property" Exclusions
   7. Damage to Owned Property
   8. Alienated Premises
   9. Property in the Contractor’s Care, Custody, or Control (CCC)
   10. Damage to Property Being Worked Upon
   11. Damage to "Your Work"
   12. Damage to "Your Product"
   13. Impaired Property
   14. Explosion, Collapse, or Underground Property Damage (XCU)
   15. Designated Operations
   16. Employers Liability
   17. Environmental Hazards
   18. Exterior Insulation and Finish Systems (EIFS)
   19. Pollution
   20. Professional Services
   21. Project Insured by a Wrap-Up
   22. Residential Construction Operations
   23. Subsidence
   24. Known Injury or Loss
   25. Joint Ventures
   26. Rented or Leased Equipment
   27. Contractors Limitations Endorsements
5. Chapter 5 Limits of Insurance
   1. Per Occurrence Limits
   2. Aggregate Limits
      1. Aggregate Limits under Multiyear Policies
   3. Defense Costs
   4. Selecting Umbrella/Excess Limits
      1. Building Additional Umbrella/Excess Capacity
6. Chapter 6 Policy Conditions
   1. Notice of Occurrence and Notice of Claim
      1. Prejudice for Failure To Give Notice
   2. Subrogation
   3. Separation of Insureds
   4. Maintenance of Underlying Insurance
      1. Failure To Maintain Underlying Insurance
   5. Other Insurance
   6. Subcontractor Warranties
7. Chapter 7 Locating Gaps in Coverage
   1. Different Definitions
   2. Additional Exclusions
   3. Narrower "Who Is an Insured" Provision
   4. Additional or Stricter Policy Conditions