Remember that Commercial Umbrella Insurance only provides liability supplements to
your existing liability policies.
It can also provide coverage for claims that are not covered by
your existing liability policies.
Depending on the amount of damage or injury,
your existing liability policies associated with your home, auto, motorcycle or RV, for example, may not be enough to cover a liability claim.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under
existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product
liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government
policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies»
existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade
policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade
policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown
liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
Though there were concerns both in the EU and Canada that CETA would also enact stricter
policies, including criminal
liability measures similar to the much protested ACTA agreement, the negotiations ultimately yielded provisions that more closely match Canada's
existing laws and the WIPO treaties.
After all, the
existing tort -
liability system is flexible enough to cover autonomous cars, and accident victims are extremely likely to go after automakers with deep pockets for product
liability suits rather than individuals with auto insurance
policies with lower limits.
Umbrella and excess
liability policies provide the additional protection you need in case a judgment against you exceeds the
liability limits of your
existing auto, home, or other insurance
policies.
Progressive's Personal Umbrella insurance covers you and your family by paying claims that exceed the
liability limits of your
existing auto or homeowners
policy.
An umbrella insurance
policy is designed to serve as a supplement to your
existing homeowners insurance by providing you with a greater
liability policy limit.
A renters insurance umbrella is a
policy offering
liability coverage, generally in increments of a million dollars, which sits on top of your
existing renters insurance or other
liability coverage and responds when that coverage has been exhausted.
An umbrella
policy is a
liability policy that provides coverage in excess of the
liability on your
existing Renters Insurance or auto coverage.
Umbrella insurance is so - named due to the fact that these types of
policies expand your
existing liability coverage and can fill in gaps that homeowners or auto insurance leave open.
A professional
liability or business umbrella
policy only provides
liability supplements to
existing business
liability policies.
Often referred to as an umbrella
policy, excess
liability is the additional protection you need in case a judgment against you exceeds the
liability limits of your
existing auto or homeowners
policy.
Among the most frequently heard objections to these suits are that 1) municipalities filed these cases because the federal government has refused to act, but that tort cases are no substitute for federal
policy action, and 2) that
liability for climate damages — if any
exist — properly rests with fossil fuel consumers, not fossil fuel producers.
Without the federal government capping nuclear industry
liability (i.e. Price Anderson Act), signing contracts to take custody and dispose of spent nuclear fuel (i.e. Nuclear Waste
Policy Act), bankrolling civilian and military atomic research and development for light water and breeder reactors (i.e. Atomic Energy Act), and other programs, the industry would not
exist.
These concepts place limits on the extent of
liability in order to implement the sound
policy of the law that there
exist a substantial connection between the tortious conduct and the injury for which compensation is claimed.
Most organizations don't understand that a gap
exists on a standard Directors and Officers
liability policy, and what they can do to fill it.
Whether you have separate
liability insurance or your motorcycle is on an
existing auto
policy, your accident history will affect the amount you pay in premiums.
under
existing insurance
policies (e.g., adding an employed lawyers endorsement to a directors and officers
liability policy);
It may well be that the coming (and to some extent
existing) revolution in genetically individualized medical therapy will require changes in how drugs are evaluated, labeled, etc., but this is a singularity - driven issue that needs to be addressed by the
policy branches of our government, and not haphazardly in product
liability litigation.
Under
existing policy, owners of nuclear power plants pay a premium each year for $ 375 million in private insurance for offsite
liability coverage for each reactor unit.
Many of these unusual — search for other pockets — claims in US motor vehicle accident injury litigation
exist because the limits of any applicable vehicle
liability policy are low, assuming there is
liability insurance at all.
The Board of the Judicial Committee of the Privy Council (the «Board») considered that no statements or promises had been made that could lead to contractual
liability or misrepresentation and suggested that in situations involving commercial parties dealing at arm's length, it would be extremely unusual for a duty of care to
exist requiring a lender to disclose its internal lending
policies.
** No
liability coverage for pets if an animal exclusion
exists, but separate dog
liability policy can be purchased to fill gap in coverage.
Anyone with total assets that are significantly greater than the
liability limits of
existing base insurance
policies — such as home and auto insurance — should consider buying an umbrella
policy.
A professional
liability or business umbrella
policy only provides
liability supplements to
existing business
liability policies.
You can not afford to risk your
existing assets such as your income, retirement savings, college funds, salary and other assets which might have to be used to pay a
liability award above the
existing liability limits on your current insurance
policies.
If the cost of a certain claim exceeds the limits of an
existing insurance
policy, umbrella coverage extends
liability to protect your assets, keeping you from paying the expense out of pocket.
Since the risk is low, the cost for additional umbrella insurance can be much less than what you pay for the main
liability coverage you have on your
existing policies.
While you may believe that the
liability insurance limits built in to your
existing policies may be enough, it's important to take a look at what you own, and your net worth, in order to assess the amount of umbrella insurance you need.
If you're considering a personal
liability umbrella, you should know that insurance companies typically require that you maintain a certain level of underlying coverage on your
existing home and auto
policies in order to qualify.
An umbrella
policy is structured so that in the event of a claim for which you exceeded the primary
liability limits on your home or auto, boat, etc., it would pick up where you have run beyond your
existing policy limits.
Commercial Umbrella Insurance provides an additional layer of
liability insurance, (Bodily Injury and Property Damage), over and above
existing business
liability policies, also known as underlying
policies.
Progressive's Personal Umbrella insurance covers you and your family by paying claims that exceed the
liability limits of your
existing auto or homeowners
policy.
An umbrella insurance
policy is designed to serve as a supplement to your
existing homeowners insurance by providing you with a greater
liability policy limit.
Anyone with total assets that are significantly greater than the
liability limits of
existing base insurance
policies, such as insuring your car and home, should consider buying an umbrella
policy.
Purchasing a separate personal
liability policy through the
existing homeowner's
policy entails a higher premium for both types of insurance.
We understand that endorsing an
existing US auto
policy to cover specialty products is an E&O
liability for our agents and distributors.
The coverage kicks - in when the
liability limits on
existing primary
policies are exhausted.
Our agents will take a look at the
policies you do have and recommend
liability limits on top of the
existing limits on your home and auto insurance
policies.
A personal Umbrella insurance
policy extends
liability limits beyond those available from other
policies, like
existing Home or Auto insurance.
It supplements your
existing policies to provide additional personal
liability protection.
Merchants Insurance Group's Commercial Umbrella insurance is designed to supplement the
existing business or contractor's
policy and their auto
liability with higher
liability limits.
In such a situation, an umbrella
policy can help pay any judgment or settlement, above your
existing auto insurance
liability coverage limits, and help to limit your personal assets at risk.
In some cases, umbrella insurance providers will require that
existing coverage, such as auto
liability insurance,
exist at certain levels prior to the purchase of an umbrella
policy.
An insurance
policy designed to provide additional coverage against major losses covered under the original
policy if
existing liability claim payments are exhausted past their limits.
An umbrella
policy can give you extra insurance protection by providing a much higher
liability limit than your
existing policies.
Umbrella insurance is named as such because it sits like an «umbrella» on top of your
existing auto and home
liability insurance
policies.