Excess Liability & Umbrella Insurance for California Contractors
As California construction projects grow in size and complexity, so do the insurance requirements. Many general contractors, public agencies, and commercial property owners now require subcontractors to carry $5M, $10M, or even $25M in total liability limits. Excess liability (umbrella) insurance is the most cost-effective way to meet these requirements.
How Excess Liability Works
An excess liability policy sits above your primary GL and commercial auto policies. If a claim exhausts your primary GL limit ($1M or $2M), the excess policy pays the remainder up to its limit. For example, a $5M excess policy on top of a $1M GL gives you $6M in total protection.
When Do You Need Excess Liability?
- Large commercial or government projects requiring $5M+ limits
- Projects with high injury risk (high-rise, bridge, tunnel work)
- Subcontractor agreements requiring umbrella coverage
- Contractors with significant personal assets to protect
Cost of Excess Liability in California
Excess liability premiums typically range from pricing varies by classification, payroll, operations, claims history, limits, and underwriting per $1M in additional limits, depending on your trade and underlying policy limits. A $5M excess policy typically costs pricing varies by classification, payroll, operations, claims history, limits, and underwriting/year for most trades.
Get Excess Liability Coverage
Call Asena Capital Insurance Services at (858) 925-9555 or get a quote online.