Commercial General Liability
Monetary amount covered under CGL supplementary payments for bail bond required because of accidents/traffic law arising out of ht use of any vehicle to which the Bodily Injury Liability Coverage applies.
$1,000
CGL supplementary payments will pay up to $X a day for to assist us in the investigation or defense of the claim/suit.
$500.00
Under CGL, if the named insured forms a new organization during the policy period, the new organization qualifies as a named insured and is covered for how many days following its formation?
90 days
What covers a railroad against claims arising out of a contractor's work on or adjacent to a railroad property and is purchased by the contractor?
A Railroad Protective Liability Coverage Form purchased by the contractor.
The named insured may be:
An individual, a partnership, a joint venture, a corporation, a trust, or an LLC.
Attorney fees, witness fees, PD reports:
Are all expenses the supplementary payments of CGL will pay for
Premium Audits
Are used to determine final premium after the policy has expired. Named insured must keep accurate records and allow insured access if requested.
Liquor liability coverage form is used for
Bars or other businesses that sell or serve alcoholic beverages.
How is the premium for CGL policy calculated?
By applying a premises/operations rate and a products/completed operations rate to the appropriate exposure base for each.
Reasonable expenses incurred by the insured at the insurer's request
Covered under CGL supplementary payments
Two sub-limits for each occurrence limit are:
Damage to premises rented to you ($100,000) Medical Expense under Cov C to any one person ($5,000)
Damage to one's own property
Does not satisfy the requirement that the insured must be "legally obligated to pay damages.
Two methods of sharing payment when both are the same level (primary or excess) are:
Equal shares (up to each limit) 50/50 Contribution based on limits (percentage of limits)
The "damage to premises rented to you" limit is the most the insurer will pay under Coverage A for damage to any one premises rented to the named insured or temporarily occupied by the named insured with the owner's permission due to what
Fire, lightning or explosion.
The CGL contains a:
General Aggregate limit, a Products Completed limit, and a limit for each occurrence
Liability coverage A is extended worldwide with respect to these:
Goods or products made/sold by insured in the basic coverage territory and activities of a person whose home is in the basic coverage territory but who is away while pursuing insured's business.
CGL, Coverage C
Medical Payments (does not require insured to be legally liable)
What are the three categories that qualify as insureds under the CGL?
Named insureds and related parties, named insured's employees and volunteer workers, and others persons and organizations
For how long is there is coverage for newly acquired entities?
Newly acquired entities are covered for 90 days without notice to the insurer.
Is a subcontractor with his own certificate of insurance a named insured?
No, coverage would come from his own policy, not the hiring company's CGL.
Will CGL Coverage B provide coverage for damage related to the unloading of an auto?
No, there is no coverage
A general liability coverage part consistes of these components
One or more general liability declarations forms, one or more general liability coverage forms, and any applicable endorsements.
CGL, Coverage B
Personal and Advertizing liability
Products and Completed Operations hazard
Possibility an organization will be held liable for bodily injury/property damage after products are no longer on the organizations premises or control.
Premises and Operations hazard
Possibility an organization will be held liable for bodily injury/property damage caused by an accident that either occurs on the premises or arises out of the ongoing (not completed) operations on or off those premises.
Slip and fall is what type of hazard
Premises and Operations hazard
For premium development purposes which two categories are there for bodily injury/property damage liablity
Premises and Operations hazard Products and Completed Operations hazard
Contractual Liability is part of:
Premises and Operations liability
Impurities in a medicine results in a death is what type of hazard
Products and Completed Operations hazard
Medical expenses and loss of earnings are considered what type of damages.
Special damages
Court costs and Interest on Judgements are paid through the
Supplementary payments of the CGL
The general aggregate limit does not include:
The Products-Completed aggregate limit (products completed does not go to aggregate limit)
LLC as a named insured includes:
The controlling members of the company and the managers of the company.
The damage to premises rented to you limit of Coverage A of the CGL policy applies to
The coverage applies only to liability for fire damage to property rented or temporarily occupied by the insured.
No employee is an insured for bodily injury when:
The injury is to a co-worker while in the course of his or her employment.
The obligation to pay supplementary payments ends when:
The limit of insurance is exhausted.
The named insured under a CGL dies, and Sarah becomes a temporary custodian of the named insured's property. The coverage for Sarah under the deceased named insured's CGL form applies only to liability arising out of
The maintenance or use of the named insured's property.
When an independent contractor is performing operations on a property owner's premises, the property owner sometimes requires the contractor to provide a policy that protects the owner against what?
The operations being performed by the contractor
Internet blogger Tom operates a public interest group on the Internet. In posting his opinions, Tom falsely accused the governor of criminal behavior. Tom's CGL will most likely exclude coverage for which exclusion?
Tom's CGL policy will most likely exclude coverage based on the electronic chatrooms or bulletin boards exclusion.
Basic coverage territory under CGL
US, its territories, Puerto Rico, and Canada