General Liability & Crime

Question 1

Protection for injury or death suffered by third parties and protection for damage to property of others is coverage provided under which coverage of the commercial general liability policy?

Answer 1

Coverage A

Question 2

What is the difference between personal injury and advertising injury

Answer 2

Advertising injury occurs when the insured inadvertently injures another person during the course of advertising a product or service.

Question 3

Medical or funeral expenses for third parties injured because of the insured’s business operations is covered under which coverage?

Answer 3

Coverage C - Medical payments

Question 4

Name the 3 types of legal entitites.

Answer 4

Sole proprietor
Partnerships
Corporations

Question 5

What is the difference between an occurrence form and claim-made form of a commercial general liability policy?

Answer 5

Occurrence form pays for injury or property damage that occurs during the policy period.
Claims-made form covers special situations occurring on or after the retroactive date.