Commercial Package & Liability

Paul Harrison has a CGL policy with a $500,000 general aggregate limit and a $100,000 occurrence limit. While on the construction site, a customer receives bodily injury when a piece of lumber falls and strikes her. His medical payments total $10,000, and he wins a bodily injury judgment against the insured for $125,000. What is the total amount the insurer will pay for this claim?

$100,000 The per occurrence limit is the most the insurer is liable for any one occurrence. Since the occurrence limit is $100,000, that is the maximum which will be paid, even if the loss exceeds those limits.

The Commercial General Liability policy of a school would cover which of the following situations?

A student gets hurt when he falls down the stairs.

Losses can be covered under a claims made form when the loss is first made during the policy term and occurred

After the retroactive date of the policy. Claims made form will pay for losses for occurrences that take place AFTER the retroactive date, NOT before the retroactive date.

Which of the following is a type of Personal Injury coverage?

All three of these are types are PI coverage Professional Liability Internet Liability and Network Protection Employee Benefits Liability

The Supplemental Extended Reporting Period endorsement extends the period for reporting claims to:

An unlimited period following the expiration of the policy. The 60 days is the basic (mini) tail, and the five years is the five-year basic (midi) tail.

Which of the following statements regarding CGL coverage is not correct?

Coverage C is medical payments for work related injuries to an employee. Coverage C agrees to pay medical expenses caused by an accident that takes place in the covered territory during the policy period if the expenses are incurred and reported to the insurer within one year of the accident date. Any injuries to workers are covered under workers compensation. The other answers are correct statements.

Premises and Operations Liability coverage of a CGL policy will cover:

Damage to property of a third party due to the careless or negligent act of an insured. A CGL policy will pay for bodily injury, property damage, advertising injury and personal injury to a third party for which the law holds the insured legally responsible for. The other three losses are EXCLUDED under liability contracts.

Which part of a Commercial Liability insurance policy personalizes the policy as to who and what are insured?

Declarations Page

Which of the following would be included in the Supplementary Payments portion of a CGL policy?

Expenses the insured incurs at the request of the company as part of an investigation or defense. Loss of earnings to the injured third party is covered under Bodily Injury, damage to property owned by the insured is Property coverage (not the CGL), and first aide to others at the time of an accident is Coverage C Medical.

Commercial companies having a network connected to the internet or a website, using e-mails for communications, storing private customer data on computers, and/or holding files with personal information on employees and customers should purchase __________.

Internet Liability and Network Protection coverage

Which of the following is true for any loss to be covered by the Products-Completed Operations section of the CGL?

The injury occurred after possession of the product was given up by the insured.

Coverage B, under the CGL coverage form, covers:

The payments for personal and advertising injury liability. The other statements are covered losses under a CGL. Bodily Injury, which includes loss of income, is covered under Coverage A, and medical payments to others, is Coverage C.

Under a CGL policy, coverage applies:

To the Bodily Injury of a third parties caused by an insured. The CGL coverage does NOT cover the property or bodily injury of the insured, but only BI and PD to the third party. The insured is the first party. A customer is an example of a third party. Liability is known as third party coverage.

Which of the following losses is an example of a products claim under a Commercial General Liability policy?

While demonstrating a bicycle a tire breaks and injures a customer. In order for there to be a claim, there must be a loss. A tire breaks and INJURES a customer is the best answer.

Premises and Operations Coverage protects the insured against claims that result from:

business activities on or off the premises. Premises and Operations Coverage protects the insured against claims that result from business activities on or off the premises.

Suppose a slander lawsuit brought by Lynnwood Best Construction is settled for $50,000. The insured has an aggregate limit of $1,000,000, an occurrence limit of $100,000, and a Personal Injury (Coverage B) sublimit of $25,000. The amount the insurer is liable to pay is __________.

$25,000 The Coverage B (Advertising Injury and Personal Injury) sublimit is the most the insurer will pay and is not tied to the occurrence. Since the limit in the policy is $25,000, that is all the insurer is liable to pay.

A CGL policy products-completed operations aggregate limit is $1,000,000, and two previous suits were awarded against the insured totaling $300,000. A new suit was just filed and the insurer settled out of court for $100,000. How much is still available under the products aggregate limit?

$600,000 Losses totaling $400,000 have been paid by the insurer, thus reducing the $1,000,000 by that amount. $1,000,000 minus $400,000 = $600,000.

If an insurance company cancels a liability policy, the return premium will be computed on a pro basis, and must be refunded in __________.

45 days If the insurer cancels the policy, the return premium will be computed on a pro-rata basis, and money refunded in 45 days. If the named insured cancels, the refund will be on a short rate basis and must be refunded in 30 days.

Under Contractual liability coverage, all insured contracts are covered. Types of insured contracts the insured may have to sign include __________.

All of these are types of insured contracts lease agreements easements and railroad sidetrack agreements elevator maintenance agreements Insured Contracts include any contract that is a necessary part of the business. The coverage includes contracts such as leases, easements, railroad sidetrack agreements, and elevator maintenance agreements.

Which of the following would be paid for under the Supplemental Payments provision of the CGL?

All of these examples are correct statements and would be paid for by the policy.

The reason that ISO (Insurance Services Office) developed the CPP (Commercial Package Policy) was to:

All of these statements are correct. Make packaging a policy easier. Standardize policy forms. Avoid the duplication of coverages.

Which of the following situations would be covered under the Products-Completed Operations portion of the CGL?

Bodily Injury caused by a defect in the products of an insured.

The Prior Acts coverage is a type of __________.

Claims Made Form Liability coverage

Under a Commercial General Liability policy, the __________ Form may contain a retroactive date. This date is the date coverage begins.

Claims-Made The Commercial General Liability claims-made coverage form may contain a retroactive date. A requirement for the CGL is that the injury or damage for which the claim is made must not have occurred before the policy retroactive date, if any, or after the end of the policy period. The retroactive date is the date that coverage begins.

The form under which coverage is triggered when a claim is first made during the policy period is the __________.

Claims-made form

Under commercial contracts, the information about who is insured, where he or she is insured, how he or she is insured, and which coverage parts are included, are all summarized in this single document called the __________.

Common Policy Declarations

The employer may be liable for an error or omission in the administration of an employee benefit program, such as failure to advise employees of benefit programs. Coverage of this employer exposure is usually provided by the __________

Employee Benefits Liability coverage.

A liability policy will pay for all of the following supplement payments, EXCEPT:

Expenses when a son is injured in his family owned business. Generally, the son is considered an insured (first party) and not covered under a liability policy (third party contracts). The other three expenses are picked-up under the Supplemental Payments of the liability contract.

Assuming all other requirements are met, which of the following would the Commercial General Liability policy NOT cover under Coverage C?

First aid to an employee who is injured at work. It is an incorrect statement (the one we are looking for) because Workers Comp pays for this loss. Exclusive Remedy means remedies for work-related injuries to an employee will be through the workers compensation system.

A business insured under a Commercial General Liability policy has a General Aggregate limit of $1,000,000 and an Occurrence limit of $100,000. If Mr. Slesk, the injured third party, is awarded $100,000 for his injury, what will the limits of the company be after the payment?

General Aggregate = $900,000 Occurrence Limit = $100,000 The aggregate limit is how much they will pay for all losses during the policy period. A loss will lower the aggregate limit of the policy by any amount paid by the contract. $100,000 is the max they pay for one occurrence, so that is deducted from the $1,000,000 aggregate limit, leaving a $900,000 aggregate, while the $100,000 per occurrence will always stay the same.

A business insured under a Commercial General Liability policy has a general aggregate limit of $1,000,000 and an occurrence limit of $100,000. If, during the last three months, the insurance company paid out $300,000 in three separate claims, how much coverage does the business have today?

General aggregate limit is now $700,000 and the occurrence limit is still $100,000. EXAM TIP: The state exam questions can be very vague. When you are taking the state exam, remember to read over the entire question and answer choices one time, and then go back over the question and ask yourself, "What are they asking me for?" Frequently the exam questions will have several bits of information stated that have nothing to do with the correct answer. Do not let them trick you!

A __________ is one whereby one party assumes the liability inherent in a situation, thereby relieving the other party of responsibility.

Hold Harmless Agreement Contractual Liability is specifically meant for liability which is picked-up under a contract by signing a Hold Harmless Agreement. A Hold Harmless Agreement is one whereby one party assumes the liability inherent in a situation, thereby relieving the other party of responsibility.

A toy manufacturing company has a Commercial General Liability policy. Premises hazard will cover which of the following claims?

In its factory outlet, a toy falls on and injures a customer. Premises hazard will cover the claim because it occurred in its factory outlet.

The term __________ is a broad term that includes any contract that is a necessary part of the business.

Insured Contract All insured contracts are covered under the Contractual Liability coverage. Insured contracts include any contract that is a necessary part of the business. The coverage includes contracts such as leases, easements, railroad sidetrack agreements, and elevator maintenance agreements.

The growing dependence upon the internet has given rise to very significant loss potentials related to privacy, intellectual property, network security and digital content disputes. These claims involve economic losses, not bodily injury. Traditional insurance policies do NOT provide sufficient coverage with regards to network liability, failure to protect, or wrongful disclosure of personal information and therefore, a/an __________ Liability policy should be considered.

Internet or Network Protection

The retroactive date of the claims-made form:

Is added because other insurance applies to that period of time. The retroactive date of the claims-made form is added because other insurance applies to that period of time.

The claims-made CGL form provides coverage for damage or injury that:

Is first claimed during the policy period. The claims-made CGL form provides coverage for damage or injury that is first claimed during the policy period.

Which of the following statements regarding a Commercial General Liability policy is not correct?

Medical payments are paid, regardless of fault, to customers, employees and tenants of the insured. The employees and tenants are excluded from coverage.

Which of the following would NOT be covered under the Supplementary Payments of a General Liability policy?

Medical payments. Medical payments is Coverage C under a CGL policy, NOT a supplemental payment.

__________ means that coverage will be continued through to the expiration date, but not beyond.

Non-Renewal Non-Renewal means that coverage will be continued through to the expiration date, but not beyond.

The CGL (commercial general liability) coverage form triggered by injury occurring during the policy period is called the __________.

Occurrence form coverage has retroactive dates and states how far back the coverage goes.

Coverage C in CGL coverage forms, covers:

Payments for medical payments for bodily injury caused by an accident. This answer describes Coverage C, Medical Payments. The other three answers describe Coverage A, Bodily Injury and Property Damage coverage.

A third party is injured while construction is still going on at a home. The construction company has __________ coverage that would pay for the loss.

Premises and Operations Premises and Operations covers the legal liability that results from the exposures generated by a business that has a premises exposure, such as Costco or Fred Meyers, or a business that has mainly an operations (off of the premises) exposure, such as an electrical contractor working on the premises of someone else.

The purpose of the retroactive date is to:

Provide coverage for claims resulting from events that happened before the inception of the policy. The purpose of this is to avoid duplicate or overlapping coverage.

All of the following are elements that may be present in the business liability exposure, except:

Rendering or failing to render professional services. This liability exposure must be insured under a Professional Liability policy. The other answers are correct.

In a Commercial General Liability policy, medical payment expenses must be:

Reported within one year of the date of the occurrence. The expenses have to occur and be reported within one year from the date of the accident.

All of the following statements regarding the Extended Reporting Periods (ERPs) are correct, except:

The Basic ERP (Mini-tail) provides coverage for events that happen after the policy expiration. Coverage ends on the expiration date of the policy. The ERPs allow the reporting of claims for occurrences that happened during the policy period to be paid.

All of the following statements are correct regarding Supplemental Payments of the CGL (commercial general liability) policy, EXCEPT

The amounts paid for supplemental payments will reduce the limits of insurance available under the policy. Payments made under the supplemental payments of a liability policy DOES NOT reduce the aggregate limits of insurance available under the policy.

If the insurance company cancels a commercial policy, all of the following are required to be sent Notice of Cancellation, except:

The insurance commissioner. If the insurance company cancels a commercial policy, the first named insured, producer of record and the mortgage company are required to be sent a notice, NOT the insurance commissioner.

Which of the following statements is INCORRECT regarding the aggregate amount of a Commercial General Liability policy?

The sublimits are used separately and do not reduce aggregate amount. The sublimits do reduce the aggregate limit. The other answers are all correct statements.

All of the following are true statements regarding a liability contract, EXCEPT:

They cover crimes and torts committed by the insured. Crimes and illegal activities committed by the insured are excluded.

An employee is injured while construction is still going on at a home. The construction company has __________ coverage that would pay for the loss.

Workers Compensation Workers compensation laws impose a form of absolute liability because employers are held liable for employees work related injuries and sicknesses, regardless of fault. Basic Coverage pays the benefits required for the injured workers for medical, disability income, death and rehabilitation for work related injuries and sicknesses.

According to the Changes Condition of a CPP, the terms of an issued policy may be changed by

endorsement authorized by the named insured and insurer. The changes condition states that the contract can be changed by the request of the named insured and endorsed by the insurance company. The entire contract provision states that no one may arbitrarily or unilaterally change an insurance contract.

Paul Harrison has a CGL policy with a $500,000 general aggregate limit and a $100,000 occurrence limit. While on the construction site, a customer receives bodily injury when a piece of lumber falls and strikes Paul. His medical payments total $10,000, and he wins a bodily injury judgment against the insured for $125,000. What is the total amount the insurer will pay for this claim?

$0 Paul is the insured, the first party, and a liability policy only covers injury or damage to the third party.

Which of the following statements regarding the Medical coverage (Coverage C) of the Commercial General Liability is correct?

All of these answers are correct statements. The medical expenses would cover such expenses as hospital, first aid and ambulance services. Payment for medical expenses is available without regard to who is at fault. The CGL will cover medical expenses even if the insured would not have been held liable.

The medical expense sublimit of a CGL policy:

All of these are correct statements. applies on a no fault basis to a third party. is subject to the aggregate limits. applies to each person who might require medical treatment for any one occurrence.

Which of the following Advertising Injury (AI) and Personal Injury (PI) situations would NOT be covered under a CGL?

An offense which causes injury when the insured knowingly makes a racial and bigoted statement to an employee. Employment Practices Liability Insurance provides personal injury protection for an employer against claims made by employees, former employees, or potential employees. It covers discrimination, such as age, sex, race and disability, wrongful termination, sexual harassment, and other employment-related allegations which are usually excluded from Personal Injury, Coverage B of the CGL policy.

Damage to the product of the insured resulting from poor workmanship is excluded. The purpose of this exclusion is to:

Avoid making the insurer a guarantor of the work or product of an insured.

Coverage A in the CGL coverage form covers:

Bodily injury and property damage losses for which the law holds the insured responsible. The answer dealing with medical payments is coverage C, personal and advertising injury is coverage B, and the policy will not pay for the criminal acts of an insured.

Each of the following losses would be covered under the medical payments portion of the CGL, except:

Bodily injury to an employee incurred during working hours. This would be a Workers Compensation claim.

__________ means termination of coverage in advance of the policy expiration date.

Cancellation

A Products and Completed Operations Liability policy excludes coverage for which of the following?

Recall of products. Recall of products is one of the exclusions of a CGL policy. The other choices are all covered.

Negligence:

all of these answers are correct. is a tort violation. is the most common way that an insured will become liable (responsible) for the loss of another. is the failure to use the required care to protect others from unreasonable chance of harm.

Under a Commercial General Liability policy, the definition of an insured includes, in a

all of these statements state who is a named insured under the CGL contract. corporation include you, executive officers and directors, but only in connection with conducting business. sole proprietorship include you and your spouse while acting in the scope of the business. partnership include you and your partners and their spouses while conducting business. All parties are considered an insured as long as they are acting in the scope or course of the business.

Full Prior Acts coverage is most likely to be granted when an applicant __________

already has coverage in place at the time it submits an application.

Liability or Negligence is said to pay for __________ acts of an insured.

careless Liability or Negligence is said to pay for careless acts of an insured. The degree of care that must be exercised depends on the status of the person coming onto the property. Common law (which consists of past court decisions and is contrasted with statutory law or written law, such as statutes enacted by legislatures) recognizes four classes of persons with differing degrees of care due them: trespassers, licensees, invitees, and children.

The Concrete Contracting Company built a porch on a home for a client. One year after the porch was completed it collapsed, causing injury to the homeowner. This type of accident would be considered a/an __________.

completed operations loss It is a Completed Operation because the work was completed by the contractor. If the company was in the process of building the deck, it would be an operations loss. If a loss occurs on the location of the contracting company, it would be a premises loss.

The employer may be liable for an error or omission in the administration of an employee benefit program, such as failure to advise employees of benefit programs. This exposure, or personal injury is __________ covered by the General Liability policy.

not have a retroactive date Coverage of this employer exposure is usually provided by the Employee Benefits Liability Policy or by an Employee Benefits Liability endorsement to the General Liability policy.

Under the supplemental payments of a Commercial General Liability policy

A bail bond would not be paid for if the autos are owned and operated by the insured.The supplemental payments of a CGL policy will not pay for any bonds for autos owned by or operated by the insured. This coverage would, however, be picked up by auto insurance, not the CGL.

A construction company has a commercial liability policy. At one of the job sites the following situations occur. Which would be covered under the policy?

A jogger trips over a ladder and breaks his leg. In order for any payment under the policy, there must be an injury. Injury to an employee is not covered under the CGL but under workers compensation, with no payments to an insured. Remember the CGL policy pays to a third party.

Which of the following would be covered under the Products and Completed Operations coverage of the Commercial General Liability policy?

A little girl gets hurt when she falls off of equipment left at the job site. There must be an injury for there to be a loss. We do not know whether the pedestrian was injured or not, however, the little girl was (therefore the best answer). Injury to an employee or an insured is EXCLUDED.

Which of the following is covered under Coverage C, Medical Payments, of the CGL?

A shopper is injured in the retail store of the insured when a box falls on him from an overhead shelf. This situation would be covered under the policy, however, the other three situations would be excluded. Losses under medical payments must be on the insured premises and due to the business operations. The CGL also excludes losses covered under workers compensation coverage, injury to employees due to work related accidents or sickness.

Which of the following injuries is covered under the Medical Payments section of Commercial General Liability (CGL) policy of an insured?

A supplier breaks his ankle while visiting the showroom of an insured. The supplier is the only third party in this question. All three of the other answers are excluded under the standard CGL policy. Employees are covered under Workers Compensation.

Which of the following situations might be covered by Coverage A of the Commercial General Liability policy?

A third party becomes acutely ill after eating a meal catered by the insured. Being sued for slander is covered under Coverage B, Personal Injury. The insured cost of administering first aid to a customer is covered under Coverage C, Medical Payments. And a third party who becomes embarrassed does not have a loss, therefore no coverage is needed.

Which one of the following lists all the required elements for establishing a charge of negligence?

Legal duty owed, breach of legal duty owed, proximate cause, damages. The Four Elements of Negligence required in all cases of negligence are: (1) There must be a legal duty to act or not to act (2) There must be a breach of that duty (3) There must be resulting injury or damage (4) The breach of duty must be the proximate cause of the injury or damage

Under CGL coverage, __________ form pays for events that occur during the policy period, regardless of when a claim is filed. Under this form, an expired policy will pay a valid claim even if the claim is made years after the expiration date, provided the event occurred while the policy was in effect.

Occurrence form coverage has retroactive dates and states how far back the coverage goes. A claims-made form will pay for events that occur during a specified period and for which a claim is made during the policy period. Named perils refers to property policies.

The occurrence form and the claims-made form are the two coverage forms of a Commercial General Liability (CGL) policy. Which of the following statements is incorrect regarding these two forms?

Occurrence form coverage has retroactive dates and states how far back the coverage goes. You will only find retroactive dates on a claims-made coverage form and NOT on an occurrence form policy.

Garth claims that a bicycle manufactured last year by Schwinn Inc. was the cause of an accident his daughter had. Which of the following would have provided protection for Schwinn Inc.?

Products-Completed Operations Products and Completed Operations coverage protects the insured against losses caused by the insured products and completed operations.

Which of the following statements regarding the Products and Completed Operations coverage is NOT correct?

Products-Completed Operations refers to injury and damage that arises from activities on and off the premises. Injury from activities on the premises is covered under the Premises Hazard, and not the Products-Completed Operations Hazard.

A manufacturer of lawn maintenance equipment such as clippers, trimmers and lawnmowers wants liability coverage to protect this exposure. You recommend:

Products-completed operations coverage and premises-operations coverage.

Which of the following would be best for a Commercial Package Policy (CPP)?

Property coverage for all products in Bartell Drugs The other exposures are covered under different policies. The CPP is designed for larger type businesses such as Bartell Drugs or Target. The Businessowners Policy (BOP) is typically for small businesses.

Each of the following is a coverage provided under the Commercial General Liability policy, EXCEPT

Property loss of the insured. To cover the property of the insured, Property Insurance is required. Liability pay to the third party.

What is the basic purpose of liability insurance?

Protect the insured from financial loss by shifting the burden of financial loss from the insured to the insurance company. The basic purpose of liability insurance is to protect the insured from FINANCIAL LOSS by shifting the burden of financial loss from the insured to the insurance company.

After collecting premium from Universol Aromas Soy Candle Co., you give a binder to the named insured of the company. The purpose of a binder is to:

Provide temporary protection for the insured between the time the application is made and the policy is issued, or the binder expires. A Binder (a.k.a. unconditional receipt) is a written document that provides temporary-guaranteed coverage prior to the issuance of the policy. However, a binder may be verbal and no premium is required for coverage to be in force. Binders are good for a maximum of 90 days (may be extended with the written permission of the Commissioner).

Commercial General Liability insurance includes all of the following, except __________.

Surety and Fidelity Bonds Bonds are NOT insurance contracts although insurance companies sell bonds. The difference between Suretyship and Insurance is that a bond is a contract between three parties, and insurance between two parties. Sureties can go after the principal for any losses. Insurance companies cannot go after the insured for reimbursement for losses they have paid.

Which of the following would fit the definition of Impaired property?

The insured accidentally damaged the property of a third party. It will operate, but not to its full extent (has become less useful). Impaired property is property owned by a third party and damaged by the insured. The damaged property of a third party will operate, but not to its full extent and has become less useful. Impaired property losses are EXCLUDED under the Commercial General Liability policy of the insured.

The Supplemental Extended Reporting Period (Maxi-tail) is added to a claims-made form policy. All of the following are required, EXCEPT

The insured need not do anything. The Supplemental ERP is automatic under the claims-made form. The Supplemental ERP is not automatic. The other three answers are correct statements.

An insured has a CGL with a general aggregate of $500,000, a per occurrence limit of $100,000, and a medical expense sublimit of $10,000. Which of the following statements is incorrect about this coverage?

The medical expense sublimit will automatically increase to $100,000 if a medical claim exceeds $10,000. The sublimit of $10,000 is the maximum that will be paid for any one loss under medical, and it will not increase automatically.

While installing an air conditioning unit in a building, an air conditioning company employee drops and damages the HVAC unit. Which of the following coverages, if any, would protect the company for this loss?

There is no coverage A Commercial General Liability policy will pay for bodily injury and property damage caused by the product or work of the insured, but will not pay for the product or work, which must be covered by the business itself. The other three answers are incorrect statements.

An insured with a series of claims-made policies, each having its inception date as its retroactive date, will have:

a gap in coverage if the claims-made coverage were to be changed to an occurrence form policy. Extended Reporting Periods were created to help fill these gaps.

In insurance, the term TRIGGER means __________.

conditions to be met before benefits are paid out

The Prior Acts coverage is a type of claims-made liability policy that does __________.

not have a retroactive date The Prior Acts coverage is a type of claims-made policy that does NOT contain a retroactive date and therefore covers claims arising from acts that took place at any time prior to the inception date of the policy, regardless of how far in the past.

A vegetable farmer dusted his crops with fertilizer over a period of three years. The spraying eventually killed all the trees that were on the property of his neighbor. This best defines a/an __________.

occurrence

Medical Payments, Coverage C on a CGL, must be incurred and reported within __________ year(s).

one Home and Auto Insurance will pay under medical payments for up to three years.

The action which in a natural and continuous sequence produces a loss is known as the __________.

proximate cause The action which in a natural and continuous sequence produces a loss is known as the proximate cause.

Under commercial contracts, the written conditions that are common to all coverage parts contained in a commercial policy and which specify the duties and responsibilities for both parties of the contract is called __________.

the common policy conditions There are conditions for each coverage part, for example, CGL conditions. However, the statement explains what are known as Common Policy Conditions.

The insured will pay an additional premium for:

the supplemental extended reporting period. There is no additional premium for the basic ERPs as they are provided automatically and free of charge (meaning they are included in the policy).

At the insured premises, an invitee slips on a skate left on the walk-way. This is an example of a __________.

tort At the insured premises, an invitee slips on a skate left on the walk-way. This is an example of a tort. Legal liability is covered within the body of law called the Tort Law. A tort is a legal wrongdoing other than a crime or breach of contract. Types of liability include absolute, strict, vicarious (imputed), and negligence.

Carlos Mendez has a CGL policy and intentionally conceals a material fact about the usage of certain materials on the property premises. Coverage may be __________.

voided A material misrepresentation or concealment can cause the cancellation of the policy and the denial of any claim.

Network Security Insurance, sometimes referred to as Cyber Liability or Internet Liability, was originally created to protect companies __________.

where the internet plays an important role in basic day to day operations