Excess Liability

Excess Liability  

Overview

You may have auto, homeowners, boat or RV insurance, but is it enough?

Excess liability is the additional protection you need in case a judgment against you exceeds the liability limits of your primary policies.

 

The more you have, the more you have to protect. Determining the amount of coverage that is right for you depends on the value of your current assets and your income potential. You may want to ask yourself:

  • Do I want to protect my hard earned assets in case of a liability occurrence that I or a household family member may have caused or appear to have caused?
  • Do I have exposures that put me at greater risk of a liability loss such as: multiple drivers living in my household, a pet, a pool, a watercraft, a secondary home, a recreational vehicle or a snowmobile to name a few.

 

Who is Insured:

The following are insured under the Group Personal Excess Liability coverage.

  1. You (Named Insured).
  2. Your Spouse if a resident of your household.
  3. Relatives who reside in your household.
  4. A person while using your automobile with and within the scope of your permission.
  5. A trust which owns Trust Property insured by underlying insurance and this policy.
  6. Your Domestic Partner; and
  7. Any other person or organization but only with respect to the legal responsibility for acts or omissions of any individual named insured or relative.

 

IMPORTANT NOTE: To avoid a gap in coverage for which you may be financially liable for, you must maintain the minimum underlying limits required on the excess liability policy. Please refer to the excess liability enrollment page for the minimum required underlying limits by exposure.

Enroll Today! New Employees May Enroll Online.

Tell Me More

Available in amounts up to $5,000,000, excess liability coverage increases your personal liability limits by supplementing your primary insurance. When you elect the excess liability coverage, you are also provided with $1,000,000 of uninsured/underinsured motorist protection. With today's economic environment, it's only expected that drivers are dropping their insurance or have coverage limits that are not adequate.

 

2019 Annual Costs for Excess Liability Insurance Coverage
Rates:
Limit 2019
Annual Costs
$1,000,000
$385.80
$2,000,000
$535.51
$3,000,000
$773.62
$4,000,000
$846.96
$5,000,000
$950.45

Note - the 2019 Annual Costs includes the New Jersey Property Liability Insurance Guarantee Associate Surcharge of 0.7%

The pricing above includes the Uninsured and Underinsured Motorist Protection (UM/UIM) coverage up to a sub limit of $1,000,000 regardless of limit of liability elected.

 

Hourly Non-Union employees are only eligible to enroll with the $1,000,000 limit of liability.

 

Effective January 1, 2012, Continental Casualty Company will issue a new Certificate of Insurance, policy declaration pages and endorsements.

 

To elect this coverage you must maintain the required minimum underlying limits. Failure to maintain the required minimum underlying limits will result in a gap in coverage for which you will be financially liable. Click here for minimum required underlying limits of coverage.

 

Contact Us

 Address
Mercer Voluntary Benefits
12421 Meredith Drive
Urbandale, IA 50398
 Phone
1-800-626-9011
 Hours
 M-F 8a-5p CT
 Email
customer.service@mercer.com

NOTE: Voluntary benefits are made available by Ingersoll Rand for its employees through the Mercer Voluntary Benefits Program. Your participation in the Mercer Voluntary Benefits Program is completely voluntary and Ingersoll Rand does not sponsor, contribute to, or endorse any service or policy offered under the Mercer Voluntary Benefits Program. Further, Ingersoll Rand’s responsibility under the Mercer Voluntary Benefits program is limited to making the various benefits offered under the Mercer Voluntary Benefits Program available to its employees, and to coordinating payroll deductions for premium payments. Ingersoll Rand does not receive any compensation for making the Mercer Voluntary Benefits Program available to its employees or for collecting and remitting premiums. If you choose to purchase a service or policy under the Mercer Voluntary Benefits Program, your contract for coverage will be with each insurance provider, and your contact for policy servicing will be with the insurance provider that participates in the Mercer Voluntary Benefits Program, not Ingersoll Rand.

Mercer's Role & Compensation

Details of Mercer disclosure of the compensation.