Unit 10

Question 1

The aggregate limit of the commercial general liability (CGL) policy is the most the insurer will pay per…

Answer 1

… policy period, regardless of the number of claims filed.

Question 2

Under the claims-made CGL coverage from, the first date on which a loss may occur and still be covered under the policy is…

Answer 2

… the retroactive date.

Question 3

The insured, Lefty’s Bar, wants coverage for liability arising out of selling and serving alcoholic beverages. Such coverage can be provided by purchasing…

Answer 3

… Liquor (dram shop) liability

Question 4

Which of the following businesses could be eligible for a businessowners policy?

Answer 4

… Dawn’s Dress Shop

Question 5

The owner of an auto dealership wants coverage for her liability for damage to vehicles left in the dealership’s service department. She needs…

Answer 5

… Garagekeepers coverage