Commercial General Liability Flashcards
Which of the following legal liability exposures is covered if the employee of a business causes bodily injury to another person while working at the insured’s business location?
A) Premises and Operations
B) Products
C) Completed operations
D) Contingent liability
A) Premises and Operations
Which of the following is not considered a product liability exposure?
A) Product distributed to customers
B) Goods stored on the insured premises
C) Product consumed by a person at a restaurant
D) Goods manufactured and sold to customers
B) Goods stored on the insured premises
Which of the following legal liability exposures is covered if a business employs an independent contractor?
A) Premises and operations
B) Products
C) Completed operations
D) Contingent Liability
D) Contingent Liability
Which of the following legal liability exposures is covered if bodily injury or property damage is caused by the insured’s negligent or faulty work?
A) Premises and operations
B) Products
C) Completed operations
D) Contingent Liability
C) Completed operations
- Provides coverage for losses that take place during the policy period
- Doesn’t matter when the loss is reported
- What matters is when the loss occurred
Occurrence Form
- Provides coverage for losses that take place after the retroactive date and before the end of the policy period
- Claims made are made during the policy period or an extended reporting period
Claims-made form
May be the policy’s effective date or any date in the past that the insurer agrees to, such as the effective date of the first claims-made policy issued to the insured
Retroactive date
Which form provides coverage for a loss that takes place during the policy period and is not required to be reported within a certain time frame?
A) Special Coverage form
B) Occurrence Form
C) Claims-Made form
D) CGL
B) Occurrence form
Which of the following is NOT an exclusion in the CGL policy?
A) Insured’s product
B) Insured’s work
C) Impaired products
D) Host liquor liability for those with incidental exposure
D) Host liquor liability for those with incidental exposure
Which of the following is not a peril covered by personal injury?
A) wrongful eviction
B) Breach of contract
C) Malicious prosecution
D) Libel
B) Breach of contract
All of the following are insured under the CGL, EXCEPT:
A) A person participating in an athletic event
B) A volunteer worker acting on behalf of the insured
C) A partner
D) A stockholder
A) A person participating in an athletic event
The Condition that states that the insurance applies separately to each insured is called ____
A) insured’s right
B) severability
C) legal action
D) Other insurance
B) severability
Which of the following is not included in the definition of an insured contract?
A) contract for lease of premises
B) sidetrack agreement
C) easement agreement
D) tenant agreement
D) tenant agreement
Each of the following provides buy back coverage for the insured, except:
A) pollution liability coverage for designated sites
B) Limited pollution liability coverage
C) Modified pollution extension endorsement
D) Pollution extension endorsement
C) Modified pollution extension endorsement