Excess Layers

We are a Coverholder at Lloyd’s providing a broad range of insurances for the Australian market.
Don’t forget to check out the Our People page to find out about the FTA team. They can’t wait to talk to you!

Excess Layer Insurance

Excess layer (aka Excess of Loss) insurance is when one insurer provides insurance for the first part of a claim/loss and then another insurer provides insurance for the next part of the claim/loss. The insurance for the “next part of the claim/loss” is referred to as the Excess Layer.

For example:

ABC Insurance provides a $5m limit but is unwilling to provide a higher limit

XYZ Insurance offers to provide the next $5m of insurance

If the Insured has a $6m claim then ABC pays $5m and XYZ pays $1m

FTA is able to provide excess layer insurance and has a follow form wording for use in such circumstances.

FTA provides excess layer insurance for:

Professional Indemnity
Management Liability
D&O Insurance – private companies only
Design & Construct
Information Technology

Our Appetite & Needs

To provide terms for Excess Layers, FTA requires a copy of the primary quote & the proposal form.
Additionally, the primary wording & financials are preferable.

Private company D&O

(Including Excess Layers for ML)

FTA can consider any attachment point for up to a $10 Million line size on an Excess Layer basis only. FTA also has a broad follow form wording and we are able to follow all major insurers and the majority of local underwriting agencies.

We are unable to provide Excess Layer D&O coverage for Financial Institutions, Publicly Listed companies – including Side C. We are also unable to provide coverage for primary D&O.

Professional Indemnity

FTA can consider most Professions on an Excess Layer basis. 

We are unfortunately not able to provide coverage for Solicitors, Valuers (for mortgage purposes), Financial Planners and Engineers.

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