CU-0051–COMMERCIAL EXCESS/UMBRELLA LIABILITY AND CU 0052–COMMERCIAL UMBRELLA LIABILITY DECLARATIONS

(October 2025)

INTRODUCTION

The American Association of Insurance Services (AAIS) has created two declaration form samples for use with either the CU 0001 or the CU 0002. These are just two of many possible formats, as each insurance company typically develops its own declarations. They include all essential information to identify the coverages offered by the policy.

· CU 0051—Commercial Excess/Umbrella Liability Declarations is to be used with CU 0001—Commercial Excess/Umbrella Liability Coverage

· CU 0052–Commercial Umbrella Liability Declarations is to be used with CU 0002–Commercial Umbrella Liability Coverage

The CU 0051 Declaration and CU 0052 Declaration are quite similar, differing only in the Limits of Insurance and the Schedule of Underlying Insurance sections.

GENERAL SECTION

The following entries are part of the general section:

• Policy Number

• Insurance Company Name
• Producer Name

NOTE: The mailing addresses or other identifying details of the insurance company and producer may also be entered in this section.

NAMED INSURED SECTION

The following entries are part of the named insured section:

• Named Insured and Mailing Address

NOTE: When coverage extends to multiple named insureds, they are typically listed or named on a separate endorsement. Ensuring the mailing address is accurate and complete is essential so the first named insured receives all mailings promptly.

• The form of legal entity for the named insured includes five choices: Individual, Partnership, Limited Liability Company, Joint Venture, and Other.

NOTE: Other includes corporations.

• Description of Business

A brief description of the named insured's primary business is entered in this area.

• Policy Term

This includes the effective and expiration dates, as well as the start and end time. The sample policies indicate a time of either 12:01 am Standard Time or 12:00 noon Standard Time.

NOTE: Coverage typically starts at 12:01 a.m. Eastern Standard Time at the mailing address location. It’s very important to review the specific policy declarations page for the exact time.

• Retroactive Date (if any)

NOTE: The retroactive date applies only to claims-made coverage. The insured often prefers it to be the earliest date coverage was in place on a claims-made basis. However, insurance companies generally prefer later retroactive dates so they can limit their liability exposure.

STATEMENT

This section states that this declaration supersedes all previous declarations. It explains that coverage applies only to losses, accidents, offenses, or incidents occurring during the policy period. It also clarifies that each one-year term ending on the anniversary date is considered a separate policy period for coverage written on a continuous basis.

COMMERCIAL UMBRELLA LIABILITY COVERAGE (CU 0052)

This section has three specific limits of insurance:

• Each Occurrence Limit
• Personal and Advertising Injury Limit
• Aggregate Limit

COMMERCIAL EXCESS/UMBRELLA LIABILITY COVERAGE (CU 0051)

This section has four specific limits of insurance:

• Each Occurrence Limit
• Products/Completed Work Aggregate Limit
• General Aggregate Limit
• Self-insured Retention Limit

PREMIUM SECTION

This section provides space for the following entries:

• Premium
• Deposit Premium
• Minimum Earned Premium
• Audit Period (if applicable)

Options: Annual, Semi-annual, Quarterly, and Monthly.

RETAINED LIMIT (CU 0052 Only)

Self-insured Retention is in a separate section on the CU 0052 Declarations. It functions much like a deductible. It is the dollar amount the named insured pays before this insurance kicks in. However, this limit only applies to losses covered by the umbrella but not covered by the underlying insurance.

SCHEDULE OF UNDERLYING INSURANCE

Commercial Liability Limits

This section provides spaces to enter limits for the underlying insurance below.

For CU 0052:

• Each Occurrence
• Personal and Advertising Injury
• General Aggregate
• Products/Completed Work Aggregate
• Other (specify)

For CU 0051:

• Each Occurrence
• Personal and Advertising Injury
• General Aggregate
• Products/Completed Work Aggregate
• Fire Legal Liability
• Short-Term Rented Premises
• Employee Benefits Liability
• Employment Practices Liability
• Other (specify)

>>>THE REMAINING INFORMATION IN THIS ARTICLE APPLIES TO BOTH CU 0051 & CU 0052<<<

The following options are available for coverage inclusion:

• Personal Injury and Advertising Injury Liability Coverage
• Broad Form Contractual Liability Coverage
• Non-Owned Auto Liability Coverage/Hired Auto Liability Coverage
• Occurrence Form
• Claims-Made Form

Information required for the underlying insurance details:

• Retroactive Date (if applicable)
• Insurance Company
• Policy Number
• Policy Period

Commercial Auto Liability Limits

This section provides space to enter limits for the underlying insurance:

• Combined Single Limit or
• Split Limits for the following:

o Bodily Injury–Each Person

o Bodily Injury–Each Accident

o Property Damage–Each Accident

• Garage Aggregate Limit for Other Than Autos (if applicable)

· Non-Owned Auto Liability Coverage/Hired Auto Liability Coverage may be provided by entering a check mark in the space provided.

Information required for the underlying insurance details:

• Insurance Company
• Policy Number
• Policy Period

Employer's Liability Limits

This section provides space to enter limits for the underlying insurance:

• Combined Single Limit or
• Split Limits

o Bodily Injury by Accident–Each Accident

o Bodily Injury by Disease–Policy Limit

o Bodily Injury by Disease–Each Employee

Information required for the underlying insurance details:

• Insurance Company
• Policy Number
• Policy Period

Watercraft Liability Limits

This section provides space to enter limits for the underlying insurance:

• Combined Single Limit or
• Split Limits

o Bodily Injury–Each Person

o Bodily Injury–Each Accident

o Property Damage–Each Accident

Information required for the underlying insurance details:

• Insurance Company
• Policy Number
• Policy Period

Liquor Liability Limits

This section provides space to enter limits for the underlying insurance:

• Each Common Cause
• Aggregate

· Either occurrence basis or claims-made basis must be selected.

Information required for the underlying insurance details:

• Retroactive Date (if applicable)
• Insurance Company
• Policy Number
• Policy Period

Miscellaneous Liability Limits

This part of the declarations includes two sections for entering miscellaneous liability. It provides spaces to specify limits for the following underlying insurance:

• Each Occurrence
• Aggregate
• Either occurrence basis or claims-made basis must be selected.

Spaces are available to enter the following information for the underlying insurance:

• Retroactive Date (if applicable)
• Insurance Company
• Policy Number
• Policy Period

FORMS AND ENDORSEMENTS

This section lists all forms and endorsements included with the policy at issuance. If endorsements are added later, they are not specifically listed but are understood to be included.

COUNTERSIGNATURE

This section contains spaces for the signature of the authorized representative who countersigns the policy and the date of signing. The facsimile signature of the insurance company's officers can also be placed in the space provided below this section, on the first page of the coverage form, or elsewhere, at the insurance company's discretion.