Chapter 9

Question 1

What is included on the declaration form attached to a CGL policy?

Answer 1

Insurer and broker
Named insured
Policy period
Limits of insurance
Form of business
Type of business
All premises owned, rented, or occupied
Premium base and rate
Endorsements
Countersignature

Question 2

Explain workers compensation

Answer 2

Legislation was passed to provide benefits to employees who are injured in course of their employment-helped combat lawsuits and protect employees
Some categories of employees are excluded from the acts (farm employees, domestic servants)
Penalties against employers who daily to comply with the act

Question 3

Explain employers liability insurance

Answer 3

Coverage for the legal liability imposed on an employer to pay damages to an employee injured by the employers negligence
No fault coverage

Question 4

Explain voluntary compensation insurance

Answer 4

Protection that an employer may purchase to cover employees who are not covered by workers compensation insurance
Written as an addition to employers liability and never on its own

Question 5

Explain contingent employers liability coverage

Answer 5

For employees normally based in one jurisdiction but working temporarily in another
Employers may be called upon to pay workers compensation benefits paid to employees because they have assumed liabilities under contract