1. A commercial umbrella policy generally provides:

Excess limits above underlying policies and may drop down to cover some claims not insured by the underlying policy (subject to a self-insured retention)

An umbrella sits above scheduled underlying coverages, provides higher limits, and may drop down (subject to an SIR) for claims the underlying does not cover.

2. In a surety bond, the party who guarantees the performance or obligations of the principal is the:

Surety

The surety guarantees the principal's performance to the obligee; if the principal defaults, the surety is responsible.

3. Flood insurance for most homeowners is primarily made available through the:

National Flood Insurance Program (NFIP)

Flood is excluded by standard property policies; the federal NFIP (administered by FEMA) is the primary source of flood coverage.

4. Claims of wrongful termination, workplace discrimination, and sexual harassment by employees are covered by:

Employment Practices Liability Insurance (EPLI)

EPLI covers employment-related claims such as wrongful termination, discrimination, and harassment brought by employees.