Unless a business is dealing with a claims frequency issue or needs to satisfy a lender or contractual requirement, the motivation to purchase high umbrella limits through excess layers of coverage, will often be in order to protect against specific claims or class action suits they believe they could be exposed to.
umbrella liability
An Excess Follow Form Is Not Always the Best Option
Having an umbrella/excess liability insurance policy that is follow-form of the underlying policies is not always beneficial for the insured. Depending on the breadth and scope of coverage in the underlying policies and their various exclusions, an excess policy with its own terms and conditions may prove to be a better option.