Modern Umbrella Liability Rating for Complex Commercial Insurance Programs
Commercial Umbrella insurance provides additional liability protection above underlying policies such as General Liability, Commercial Auto, and Employers Liability. Because Umbrella products depend on multiple underlying policies, attachment points, aggregate limits, and underwriting requirements, they require sophisticated rating and product configuration. SelectRate enables insurance carriers, Managing General Agents (MGAs), wholesalers, program administrators, and specialty insurers to configure, rate, test, govern, and deploy Commercial Umbrella products from one centralized commercial insurance rating platform. Whether you're writing supported ISO Umbrella products or proprietary carrier programs, SelectRate provides the flexibility needed for enterprise liability insurance operations.
Commercial Umbrella Rating calculates premiums for excess liability protection provided above one or more underlying insurance policies.
Premium calculations commonly evaluate:
Every factor contributes to the final Umbrella premium.
SelectRate supports virtually every Umbrella Liability program.
Each program maintains independent underwriting and pricing while sharing one enterprise platform.
Umbrella products depend on one or more underlying policies.
Automatically integrate with:
Underlying policy information automatically flows into the rating process. Learn more about Commercial Auto Rating
Configure attachment points without software development.
Manage:
Attachment point logic remains fully configurable.
Configure Commercial Umbrella coverages.
Supports:
Coverage options remain configurable by carrier and product.
Umbrella products frequently depend on selected limits.
Configure:
Each limit maintains independent rating factors.
Umbrella underwriting rules are fully configurable.
Evaluate:
Underwriting decisions are automatically evaluated during rating.
SelectRate performs complete Commercial Umbrella premium calculations.
Evaluate:
Every calculation is fully transparent through Rating Worksheets and Rating Trace.
Automatically assign Commercial Umbrella documentation.
Supports:
Documentation remains synchronized with product versions. Learn more about Endorsement Management
Every Commercial Umbrella product should be validated before deployment.
Test:
Automated testing reduces production risk while improving pricing accuracy.
Expose Commercial Umbrella rating through secure REST APIs.
Integrate with:
Every application uses the same centralized Commercial Umbrella rating engine.
Every carrier maintains unique Umbrella pricing.
Configure:
Carrier pricing remains configurable without modifying core product logic. Learn more about Carrier Rate Multipliers, Carrier Rating Overrides
Commercial Umbrella products evolve throughout the year.
Manage:
Organizations prepare future releases without affecting production. Learn more about Effective Date Management
Every Commercial Umbrella product change is fully documented.
Track:
Organizations maintain complete governance throughout the product lifecycle.
Insurance organizations modernize Commercial Umbrella rating to improve operational efficiency.
Benefits include:
Configure attachment points, automate underwriting, simplify liability pricing, and deploy Commercial Umbrella products faster with SelectRate.