Commercial General Liability Coverage

Question 1

premium audit is a condition

Answer 1

End of policy period - additional premium required if the earned premium is greater than the premium deposit

Question 2

Insolvency

Answer 2

does not relieve insurer to act. The insured cannot sue the insurer util all terms of policy have been fully complied with.

Question 3

the supplemental tail

Answer 3

is a one time premium

Question 4

insured Product

Answer 4

manufactured and sold and in possession of buyer

Question 5

Supplementary payments

Answer 5

do not reduce the limits of insurance

Question 6

CGL

Answer 6

section I - BI and PD
Section II - Whos insured
Section III - Limits

*25-50 or 100 - 200 $5,000 medpay perperson

min BI&PD $50,000, $25,000 peroccurance, $5,000 agg medpay per person (5/25/50 not exact but idea 5/100/200

Basic limit 200,000, 100,000 per occurance, $5,000 med pay

products completed min 25/50 basic 100/200

Question 7

who is covered

Answer 7

no you or employees

Question 8

Expected or inteded injury

Answer 8

not covered

Question 9

medpayments timeline

Answer 9

1 year of accident

Question 10

The suplemental tail can be purchased

Answer 10

60 days after the end of the policy

Question 11

pollution extnsion endorsment

Answer 11

does not cover clean up costs