Search words, definitions, & acronyms from our industry for explanaitions & links to the 'experts'.
Excess of Loss Liability
Also known as Excess Layer - A 'top up' or second layer of coverage , placed to provide cover above the limit of liability on the primary or first layer of cover , used to take total coverage up to higher required levels than can be provided by one insurer . See products from CHAPMAN & STACEY INSURANCE SCHEMES in the liability section
