How It Works

Employees aren’t required to accept this coverage, as it’s voluntary. But there is no waiting period and coverage is immediate, even for new employees. This type of coverage is favored by law firms, financial institutions and insurance companies. The personal and auto liability coverage offered by these policies extends worldwide, and often includes spouses and dependents.

An umbrella policy is even more affordable at the group rate. It provides greater coverage at a lower cost. Group coverage is also easier to get, as it’s easier to cover a group than an individual. And it’s less expensive than purchasing individual policies.