Forms
This form provides payment for physical harm done to persons and property under general liability
What is bodily injury and property damage liability?
This provides for liability exposure at the insured's place of business
Premises Exposure
This requires the insurer to pay for first aid at the scene.
Medical Payments
This allows the insured to file a claim at any time without regard to a statute of limitations.
Occurrence Based Policy
This provides coverage for liability arising from the insured's work off the insured premises
Operations Exposure
This coverage agrees to pay all monies that the insured becomes legally required to pay due to slander and libel
What is personal injury?
This form requires that the loss occur and be reported during the policy period.
What is Claims-made?
What coverage for basic hazards would protect McDonald's if someone got food poisoning from their McChicken?
Products and Completed Operations Coverage
What are 3 exclusions found under personal and advertising injury?
Found on Pg 87
Name 3 of the common conditions found in Commercial General Liability.
Bankruptcy, Duties in the event of occurrence, offense, claim or suit, Legal Action Against Us, Other Insurance, Premium Audit, Representations, Separation of Insureds, Transfer of rights of recovery against others, When we do not renew
What is the second exposure found under products and completed operations?
Breach of Warranty
What are the exclusions under Coverage Part C?
Found on pg 87
This allows the insured to report claims after the end of the policy period at no additional charge.
Basic Extended Reporting Periods
When work off premises is completed or abandoned and someone is injured, what liability exposure covers that?
Completed Operations Liability
How many days notice must be provided to an insured when their general liability will not be renewed?
Not less than 30 days before the expiration date