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Secondary Insurance
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What is Secondary Insurance?

Secondary insurance is a form of insurance that supplements primary insurance, Secondary insurance is a specific type of insurance that covers risks that primary insurance does not cover.

Secondary insurance is insurance that covers losses that are not covered by primary insurance.

What is the difference between primary and secondary insurance?

Primary insurance is insurance that a company must purchase by law. Examples of primary insurance include auto, commercial, and workers’ compensation insurance.

Secondary insurance is a type of insurance that is purchased to cover losses that are not covered by primary insurance. When a business purchases commercial insurance, it typically covers losses related to property. However, those losses could be caused by an act of God, a natural disaster, or human error. By purchasing secondary insurance, the company would purchase insurance that covers these types of losses.

What are the benefits of secondary insurance?

  • if you have a high deductible on your primary insurance plan, secondary insurance can help cover some of the costs that you would otherwise have to pay out-of-pocket.
  • if you have a condition that is not covered by your primary insurance plan, secondary insurance can help cover the costs of treatment. 
  • if you have a pre-existing condition, secondary insurance can help cover the costs of treatment that your primary insurance plan may not cover.

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