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Details
Additional Coverages
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Newly Acquired Organizations-Provides
liability protection up to 90 days
for any organization you acquire
or from, other than a partnership,
joint venture or limited liability company. In
order for coverage to apply, you
must own the organization or have
majority interest in it.
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Non-Owned Aircraft-Provides coverage for your liability
arising out of the use of non-owned aircraft chartered
with crew by you. This includes liability arising out
of operations performed for you by independent contractors.
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Non-Owned Watercraft-Provides coverage
for your liability arising out
of the use of non-owned watercraft
that are less than 50 feet in
length.
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Mental Injury-Expands the definition of Bodily Injury to
include mental injury and mental anguish caused by an
occurrence covered under this policy.
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Defense Costs
Coverage is provided, without limit, for the costs of
investigation and defense of covered claims against you. This
coverage applies to those claims for which you would be
covered under your primary insurance, but because of the
exhaustion of your primary policy's aggregate limits, no
primary coverage is available. It also applies to claims for
bodily injury and property damage or personal and advertising
injury not covered by your underlying insurance but covered
by the Business Catastrophe Liability Policy.
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Worldwide Coverage
Provides for your liability arising from activities anywhere in
the world.
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Limit of Protection
The Limit of Protection is the amount available to pay for all
insured losses under the Business Catastrophe Liability Policy.
The policy's basic limit is $1,000,000. Limits of Protection
greater than $1,000,000 are also available.
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Required Limits of Primary Insurance
ERIE'®s Business Catastrophe Liability Policy provides liability
protection up to the policy limit in excess of the limits of
protection afforded by your primary insurance policy.
The following is a list of the minimum limits of coverage
required on various primary insurance policies.
- Automobile Liability or Garage Liability
$1,000,000/1,000,000 Bodily Injury and $1,000,000
Property Damage or $1,000,000 Combined Single Limit
- Commercial General Liability Coverage
$1,000,000/Occurrence and $1,000,000/General Aggregate
- Workers Compensation (Employers Liability)
Limit $100,000/500,000/100,000
- Watercraft Liability
$1,000,000 Combined Single Limit
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