lead umbrella
The term lead umbrella refers to the first umbrella policy in a multilayer excess program that sits directly over the primary policies.
lead umbrella
The term lead umbrella refers to the first umbrella policy in a multilayer excess program that sits directly over the primary policies.
Additional Information
Typically, higher-level excess policies sitting above the lead umbrella in this type of placement contain follow-form provisions making them follow the "lead" of the terms and conditions of the first underlying umbrella.
