General Liability Flashcards
And ensure the fence and insured under a CGL. The insurer incurs $21,000 in legal defense costs, and the judgment against the insured is $100,000 plus $7900 in prejudgment interest. If the CGL and has $100,000 occurrence limit, how much will the insurer pay of these costs?
$128,900
Can you ensure a joint venture form 50 days ago and not yet reported to the insured?
No
A commercial umbrella policy is similar to:
Stand alone excess
In the form of general liability coverage that an insured may purchase to protect against claims arising out of the operations of independent contractors is called:
Owners and contractors protective form
An insurance agency hold the Christmas party and one of the guest has had a little too much bubbly. If the guest injure someone and the injured party sues the agency:
The agencies CGL will respond
The basic limit of fire damage legal liability available through the CGL is:
$100,000
How long does the insured have to request the supplemental extended reporting period After the expiration of their claims made CGL
60 days
When me and Carrie are refused to issue supplemental extended reporting coverage?
Carrier cannot refuse requested within 60 days of policy expiration
The retroactive date under CGL establishes earliest day claim will be honored by company under:
Claims made form
Claim is made under C GL coverage C – medical payments for a slip fall. Two years later injured person comes back saying the injury has started bothering him again. Covered under the CGL coverage C – medical payments?
No, expenses must be incurred within one year of accident
Your insured has a CGL. He is concerned about a situation where the tenant claims the landlord and properly entered his apartment and affected him. The tenant claims that this violated his privacy. Covered or not?
Covered as a personal injury, if coverage B is on policy
And employees her on the insureds premises. Six months later the employee dice. Are the claims funeral expenses covered under the insurance CGL, coverage C – medical payments?
No, employees not covered for med pay
And sure decides to go out of business. He does not renew a claims made CGL policy. A lot of cars 57 days after policy expiration. Covered and not?
Not covered because 60 day period is for reporting claims that happened during policy.
What is the minimum limit for personal and advertising injury and the CGL?
$25,000 per person, subject to aggregate limit of $50,000
Minimum limits for hospital professional liability are:
250/750
Specify the basic limits of coverage and the CGL for medical payments
$5000 per person subject to aggregate limit
The basic limit for fire damage legal liability in the CGL
$100,000 subject to the aggregate
Name the correct supplementary payments under the CGL:
Belmont cost up to $250, interest on judgments, expenses incurred at company request
Joe buys occurrence CGL 1/1/03. He buys a claim made CGL 1/1/04 and renews it 1/105. The 1/1/05 policy has a retroactive date 21/1/04. An injury from 8/1/03 turns up in 2005 when a claim is made. What policy covers The 8/1/03 injury?
1/1/03 policy, occurrence policy covers and about or how much later claim is made if enforce at the time of the injury
Mr. Jones purchases a CDL claims made policy 1/1/04. Retro-date is policy inception. He renews 1/1/05 with the retro-date of 1/104. An injury occurs 5/8/0 for the claim is made 3/30/05. Which policy covers?
1/1/05 policy as the retro-date covers anything on or after 1/1/04
Chemical manufacturer accidentally releases chemicals into a stream is it covered under a CGL?
No pollution is not covered
Mr. Allen by the claims made CDL in 2004. He purchases the supplemental extended reporting period on expiration. He purchases another CGL claims made policy in 2005 and a different company. And injury occurs 4/5/04. Claims for this injury is made 4/5/05. Which policy covers?
2004 policy as it had supplemented extended reporting period, and loss occurred in 2004 policy
Insured Mr. Jones has a CDL. Due to Mr. Jones is negligence of fire occurs in front of Mr. West store without damaging Mr. West grocery store. Mr. West series for loss of business. Is it covered?
Yes, it is within definition of property damage
The coverages available under P.S and D. Are:
Individual and partnerships, Corp. or associations
A physician coverage with 250/750 limits of PS and DPSD. Has a client with a relatively rare illness. The only treatment other than rest is not approved for use in the USA. On three separate occasions the physician treat the patient with unapproved medicine. The patient’s estate C is the position claiming malpractice. The policy will likely
Pay nothing. Treatment with unapproved medicine would be a criminal act exclamation under this coverage
Mr. Hill buys a CDL claims made policy on 1/1/04 with a retroactive date of the deception 1/104. He buys another CGL claims made policy on 1/1/05 with the retro active day of 1/1/05. An injury of 7/1/04 is claimed 9/1/5. Which policy covers?
Neither policy covers as 2004 policy expired before claims made in 2005 policy only covers what happened on or after 1/1/05
Nonowned aircraft and watercraft, property and CCC, product recall our coverages not covered in underlying policies. They are found in which:
Commercial umbrella policies
The local hospital has hospital professional liability coverage. Limits 250/750. An ambulance owned by the hospital backs over and severely injured patient sitting in his wheelchair, awaiting transportation to a physical therapy class. Patient Sue’s and judgment is in the amount of $200,000. There is $60,000 and defense costs. Hospital professional carrier will pay:
Nothing
Products made are sold by the insured in a defined territory and activities of the insured outside of the defendant territory for a short period of time are covered under which:
Coverage beyond the defined territory under A CGL
Under commercial umbrella policies the S IR is
Self insured retention
