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Carriers and brokers alike repeat the same line when talking about providing commercial clients with Lead- and Excess Umbrella coverage: “One million dollars ain’t what it used to be.”

The $1 million figure is referenced because it is the standard attachment point for the lines typically bundled together under a Commercial Umbrella policy: General Liability, Auto Liability and Employers’ Liability.

The problem—and the reason commercial businesses of all sizes look into purchasing higher limits of coverage via an Umbrella policy—is that the $1 million attachment point has remained the same for decades.

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