Worldwide Excess Liability Insurance

Excess liability is critical insurance for families with significant personal assets who could easily face a claim that exceeds the liability protections provided by their other policies. Apart from providing higher coverage, specialized excess liability policies can cover more situations than those covered in homeowners or auto policies. Unfortunately there is no way to predict when a lawsuit may arise, but the opportunities are plentiful for well-to-do clients who can own multiple automobiles and boats, run several households, host and entertain many guests, and serve as board members.

Excess liability covers events that are often called “unthinkable” or “unimaginable” and for that reason clients who come to Lang Insurance have often not really analyzed their true liability needs or are unaware of the additional benefits offered by the top carriers with whom we work, such as international protection and more sophisticated resources in a crisis. We do a thorough needs analysis and set in place policies that offer the highest quality, worldwide protection, important for families that travel.

Many of the families we serve engage some combination of domestic staff, nannies, personal assistants, caretakers, drivers or gardeners and, like a corporation, can face employment-related litigation such as wrongful termination, discrimination or harassment. In addition to full-time staff, service providers such as contractors, landscapers or caterers constantly change employees and can bring numerous people to your property that might be injured.

Furthermore, board members of corporations, foundations, non-profits, or coops and condos can be sued individually as part of a lawsuit against the board. We can help you understand how much you actually have at risk based on your activities and assets and suggest appropriate coverage for your family.

 

I contacted Lang Insurance from an advertisement and frankly, I was not sure anything would come of it. For the past several years my insurance premiums have been going up and I felt they were excessive based on the actual replacement value of my home. Nevertheless, I was unable to convince my broker or insurance carrier to lower the coverage to its proper level. Kevin Lang took on the project and he was successful in getting my home in Sag Harbor, NY and my apartment in NYC and my automobiles and excess liability insurance covered at approximately 1/2 the amount - saving me approximately $10,000 per year. - S. Levine