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As the situation in Ukraine evolves, businesses should be mindful of potential risks to their people, assets, operations, or supply chains in the region and globally. Marsh, as part of the Marsh McLennan family of companies, has created a page with information, tools, and resources related to the Russia-Ukraine conflict. Please visit the page for the latest information.

Group Personal Excess Liability

Personal excess liability policies require that minimum limits of liability coverage be maintained on existing underlying policies, such as homeowners, auto, and watercraft. If you do not maintain these limits, you may have a gap in coverage, and in some instances, the excess liability coverage will not apply. If you are participating in a group personal excess liability program, please review the required underlying liability limits summarized below. A comprehensive review from Marsh McLennan Agency Private Client Services can help you understand if your existing policies meet these limits.

Required Primary Underlying Limits

  • Personal Liability (Home): $300,000 personal injury and property damage each occurrence 
  • Registered Vehicles: $250,000/$500,000 bodily injury and $100,000 property damage; or $300,000 single limit each occurrence
  • Unregistered Vehicles: $300,000 bodily injury and property damage each occurrence
  • Registered Vehicles with less than four wheels and Motorhomes: $250,000/$500,000 bodily injury and $100,000 property damage; or $300,000 single limit each occurrence
  • Watercraft <26 feet and <50 horsepower: $300,000 bodily injury and property damage each occurrence
  • Watercraft 26+ feet or 50+ horsepower: $500,000 bodily injury and property damage each occurrence
  • Uninsured Motorist/Underinsured Motorists: $250,000/$500,000 bodily injury and $100,000 property damage; or $300,000 single limit each occurrence

Comprehensive Personal Risk Review

A Marsh McLennan Agency Private Client Services personal risk advisor is available to conduct a comprehensive personal risk review. Through this complimentary consultation, your advisor will evaluate the adequacy of your existing personal insurance policies and underlying limits, identify exposures, and provide customized recommendations to ensure you have the broadest coverage available for the best value. 

 

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