P & C Unit 15 Checkpoint

Which of the following limits of liability in a commercial general liability policy is the most that will be paid for Coverage C because of bodily injury sustained to one person?

Medical expenses limit

Which of the following losses would be covered under the premises and operations coevrage of the commercial general liability coverage form?

Scott, a construction worker, drops a pallet of bricks onto the hood of a vehicle of the commercial general liability coverage form?

Ken's Auto Shop had an occurrence from policy that expired on March 15. He Obtained a new policy with a different insurance carrier on March 16. A customer was injured while in his shop on March 1 and waited to file claim until March 30 because his injury got progressively worse. Which insurance policy would cover this claim?

The policy that expired on March 15 would cover the claim.

Which of the following would Not be covered by commercial liability insurance?

Tim works at a hardware store and falls 12 feet off a ladder and breaks his back while stocking while stocking shelves.

If the named insurance is listed on the declarations pages as William Smith, an individual, which of the following individuals would be including in the commercial general liability policy?

William's wife Sofia who does accounting for his business

The phrase, "put to its intended use," describes

completed operations

Coverage that is triggered when a claim is first made against the insured, regardless of when the injury took place, is known as

coverage under the claims-made form

A retroactive date may provide coverage even if an occurrence took place prior to the effective date of the policy. An incident that leads to claim must have occurred

on or after the policy's retroactive date

Which of the following represent the two options for the basic extended reporting period that are available and included free of charge under specified conditions?

60 days or 5 years

Which of the following would NOT be excluded under Coverage C in a commercial general liability policy?

A customer falls down a flight of wet stairs and breaks his back and arm.

Which of the following losses would be covered under the products-completed operations coverage of the commercial general liability coverage form?

After a plumber installs a new sink in an office building, the sink falls from the wall, injuring one of the office workers.

Which of the following is NOT excluded Coverage A of the commercial general liability policy?

Bodily injury to customer shopping in the insured's place of business

Which of the following offenses is covered under Coverage B of the commercial liability policy?

Calling a competitor a fraud

According to the other insurance condition, Which of the following are the methods used to decide how claim will be divided?

Contribution by equal shares or contribution with limits

Tom and Cindy rent a space from a landlord to run a restaurant business. They negligently left candles burning at the restaurant one evening and causes a fire in the building. Under which general liability exposure would the loss most likely be covered?

Fire legal liability

Which of the following is not included in the definition of mobile equipment?

Jackhammer