Umbrella insurance

In the case of liability insurance, umbrella insurance (;Umbrella Policy where an umbrella does not become dim) is addition insurance for the damage more than a sum paid in insurance (the first insurance ;Underlying Insurance) such as the manager liability insurance or products and completed operations liability insurance owned by other facilities where a person insured who is a company has been arranged or either big sum (note) of the appointed self burden (Retained Limit). Because I cover other insurance like an umbrella (shade, umbrella) from the top, it becomes this name.

(note) This sum should be it, and but, more than 1 billion yen per 1 accident, the oil pollution damage in Japan is set in 5 billion yen or more.

The umbrella insurance intends for various risks with the company activity and functions as addition of automobile insurance and the workmen's accident compensation insurance that I am not intended for in the liability insurance to become the first insurance. But the large amount of thing which automobile insurance does not usually intend for is set with the immunity from responsibility amount of money of this insurance because it is not a purpose to cope by this insurance to an available thing in independent item and workmen's accident compensation insurances such as the automobile insurance. Because the purpose of the umbrella insurance defends a company against every compensation accident that a company may suffer, it is decided that an immunity from responsibility amount of money of the first insurance and umbrella insurance that I set at first so that a gap of the compensation does not produce it between this insurance is reduced in (when there is insurance payment in trustee liability insurance an example) when the compensation ceiling of the first available insurance is reduced by the insurance payment (it is said with "a drop-down").

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