commercial General liability

The supplementary payments of a CGL policy will cover all of the following EXCEPT A.cost of bail bonds up to $1,000. B.pre- and post-judgment interest. C.expenses incurred by the insured to assist in defense of a claim. D.all expenses incurred by the insurer with respect to a claim defended by the insurer.

A

Defense Provision - CGL v. Professional Liability

Professional Liability policy has no provision within the policy to provide defense to anyone other than the professional himself. Professional Liability is for the benefit of the design professional and is triggered by his actual or alleged negligence

An insured could create a gap in liability protection by A.changing from occurrence coverage to claims-made coverage. B.changing from claims-made coverage to occurrence coverage. C.changing to umbrella coverage. D.adding excess liability to a commercial general liability policy.

B

Claims made relating to the products and completed operations hazard would be subject to the A.products and completed operations aggregate limit only. B."each occurrence" limit only. C."each occurrence" limit and the products and completed operations aggregate limit. D."each occurrence" limit and the general aggregate limit.

C

Commercial general liability coverage is automatically extended to cover newly formed or acquired organizations until the earlier of the end of the policy period or ___ days. 30 60 90 120

C

In the CGL form, coverage for "advertising injury" applies to all of the following EXCEPT A.infringement of copyright, title or slogan. B.misappropriation of advertising ideas or style of doing business. C.failure to publish advertising as agreed to in a contract. D.publication of material that disparages a person's products or services.

C

The general aggregate limit in general liability policies applies A.regardless of when an occurrence happens. B.per occurrence. C.to all losses occurring within each 12-month portion of the policy period, except those arising from products and completed operations. D.to all losses which occur within the policy period.

C

A CGL policy has a specific limit for all of the following EXCEPT A.medical payments and all damages except products-completed operations. B.products-completed operations. C.each occurrence. D.bodily injury.

D

The major difference between the occurrence CGL form and the claims-made CGL form is the .A.type of liability covered. B.definition of the insured. C.exclusions. D.trigger for Coverages A and B.

D

Transfer of rights of recovery against others to us (subrogation

The insured's rights to recover any part of a payment made by the insurer are transferred to the insurer. The insured cannot do anything after a loss to impair those rights and, at the insurer's request

Each-occurrence limit.

applies to Coverage A claims for bodily injury or property damage and to Coverage C medical expenses arising out of any one occurrence. It has two sub-limits, a damage-to-premises-you-rent limit and a medical expense limit.

Coverage B does not apply to personal and advertising

caused by an insured who knows his acts would violate the rights of another and inflict personal and advertising injury.oral or written publication of material, by an insured who knows it is false;

CGL coverage form

contains the following coverages: A: bodily injury and property damage liability; B: personal and advertising injury liability; C: medical payments; and supplementary payments.

Coverage C

covers medical payments (expenses), regardless of fault, for bodily injury caused by an accident on, or on walkways next to, premises the insured owns or rents, or because of his operations. For coverage to appl

coverage A does not apply to

expected intentional injury ,liquor liability workers compensation pollution, mobile equipment, war , care custody and control

personal injury

false arrest, detention or imprisonment; malicious prosecution; wrongful entry into, or eviction of a person from, a room, dwelling or premises the person occupies; and oral or written publication of material that slanders or libels a person or organization, disparages a person's or organization's goods, products or services, or violates a person's right of privacy.

supplementary payments

for Coverages A and B, the insurer agrees to pay, with respect to any claim or suit it defends: all expenses it incurs. up to $250 for bail bonds required because of accidents or traffic law violations arising out of the use of any vehicle to which the bodily injury liability applies. Supplementary payments made are in addition to the other coverage amounts

professional liability insurance

or insurance agents and other insurance professionals, Professional liability insurance normally excludes claims involving bodily injury and property damage.

commercial general liability (CGL) applies

to bodily injury, property damage, personal injury and advertising injury arising from a professional act or service. Professionals need CGL coverage for their premises and operations. Exclude professional liability coverage.

errors and omissions insurance)

to cover liability for injury arising out of their malpractice, errors or omissions, or the malpractice, errors or omissions of their employees.

advertising injury is injury arising out of:

use of another's advertising ideas; or infringement on another's copyright, trade dress or slogan in the insured's advertisement.

Damage-to-premises-you-rent limit

This is the most payable under Coverage A for liability for damage caused by any one fire to any premises while rented by the insured or temporarily occupied by the insured with the owner's permission.

Products-completed operations aggregate limit.

This is the total annual limit under Coverage A for claims arising from the products-completed operations hazard. This hazard relates to liability due to injury or damage caused by defective products or completed work of the insured away from the premises.

coverage A

is coverage for bodily injury and property damage: premises business operations in progress on or away from the premises. products and completed operations

coverage B

is coverage for personal injury and advertising injury caused by an offense arising out of the insured's business and committed in the coverage territory.

retroactive date

is the earliest date an occurrence could happen and be covered. It may be the same as the policy effective date or earlier

Basic extended reporting period (basic tail).

mini tail (60days basic tail )This provides coverage for a valid claim first made during the 60 days after the policy expired. Midi-tail (five-year basic tail). This provides coverage for a claim first made within five years after the policy expired

expected and intended acts .

no insurer will cover

General aggregate limit.

This applies to the premises and operations exposure relating to the insured's liability arising out of the business location and business activities.

Personal and advertising injury limit

This sub-limit of the general aggregate limit is the most payable under Coverage B for injuries sustained by any one person or organization,

Coverage C will not cover medical expenses for bodily injury such as:

included within the products-completed operations hazard. excluded under bodily injury Coverage A. due to the war hazard. to any insured. to a person: