The Commercial Umbrella Liability Coverage responds to occurrences that involve bodily injury or property damage and arise out of farming activities on the insured premises and related operations. Both the personal and commercial umbrella policies cover the insured's liability for damages involving bodily injury and property damage caused by a watercraft or a motor vehicle that is covered by underlying insurance, but only to the extent that coverage applies in the underlying policy and is not otherwise excluded in the applicable farm umbrella form. Neither umbrella policy includes coverage for automobile no-fault, uninsured motorists, underinsured motorists, or similar coverage. As indicated previously, both farm umbrella forms are structured for use with underlying policies that include specific versions of AAIS farm liability forms. However, the underlying auto, employer's liability, recreational vehicle, or watercraft liability coverage may be provided by any policy.
Higher limits are available.
It is important to emphasize that revenue is not a factor in determining which farm liability policy should be written for a particular risk. It is the category of ownership of the farm, rather than revenue, that determines the appropriate AAIS insurance form to be used. The author Robert J. Prahl, CPCU is director of education for the American Association of Insurance Services. These coverages may be provided by any policy.