Understanding Excess Benefits Excess benefits provide an additional layer of protection that connects to your primary organization or personal coverages. Here’s how they work: Primary Coverage: Your primary insurance policies cover the initial claims up to the policy limits. This includes coverages like General Liability, Accident & Medical Expenses, and Directors & Officers (D&O) Liability that are directly provided through your NAYS membership. Excess Benefits: Excess benefits kick in when the limits of your primary insurance policies are exhausted. They provide additional coverage beyond what your primary insurance covers, ensuring that you are fully protected in case of large claims or multiple incidents. Key Points about Excess Benefits: Extended Protection: Excess benefits extend the limits of your primary insurance coverage, providing peace of mind knowing that you have additional financial protection. Seamless Integration: These benefits are designed to integrate seamlessly with your existing coverage, whether it's through your organization or personal policies. Enhanced Security: By offering higher limits, excess benefits ensure that claims exceeding your primary coverage are still covered, reducing out-of-pocket expenses and financial risk. How Excess Benefits Connect to Your Coverage: General Liability Insurance: Protects against third-party lawsuits for bodily injury or property damage. If a claim exceeds your General Liability limits, excess benefits will cover the additional costs. Accident & Medical Expenses Insurance: Covers medical bills for participants injured in a covered accident. Excess benefits provide additional coverage if medical expenses exceed your policy limits. Directors & Officers Liability (D&O) Insurance: Protects against lawsuits alleging mismanagement resulting in economic injury or rights violations. Excess benefits ensure that defense costs and settlements exceeding the D&O policy limits are covered. Example Scenario: Imagine a situation where a participant is injured during a league event, and the medical expenses total $300,000. Your primary Accident & Medical Expenses Insurance covers up to $250,000. In this case, excess benefits would cover the remaining $50,000, ensuring that the full amount is paid without additional financial burden on your organization or personal funds. By leveraging excess benefits, you enhance your financial protection and ensure comprehensive coverage for your organization’s and personal needs.