For those unaware, liability insurance exists to protect those who purchase it from the risks of liabilities – or legal responsibilities - imposed by lawsuits and similar cases. What do you know about commercial general liability insurance? Take the following quiz and we’ll find out together!
It becomes effective automatically if needed when a claims-made policy expires.
The insured must request it in writing within 60 days after the policy expires.
It does not require an additional premium.
No separate endorsement is required to provide this extended reporting period.
Extends the period of time in which a claim can be covered under the policy
Stipulates a date as the first date on which an event can occur and be covered by the policy if a claim is filed
Extends the policy period
Stipulates a date after which any loss that occurs will not be covered
Calling a client a cheat and a fraud
Property damage to property owned by the insured
Property damage to property in the care, custody, or control of the insured
Bodily injury sustained by an insured while using the insured's product
Bodily injury to a customer who is injured in an accident on the insured's premises
Medical Payments sublimit
Personal and Advertising Injury limit
Fire Damage limit
Products-Completed Operations limit
Premises and operations exposure
Products-completed operations exposure
Contingent liability exposure
Contractual liability exposure
Premises and operations
Work-related injuries to employees
One or more CGL coverage forms
Causes of Loss form
Common Policy Conditions
Truck used to transport personnel to construction sites
Road construction grader
Self-propelled vehicles designed for snow removal
Damage the insured causes intentionally
Pollution losses caused by the insured
Liquor liability for those in the business of serving liquor
All of the above
A shopper is injured in the insured's retail store when a box falls on him from an overhead shelf.
The insured sponsors a foot race on the land surrounding his retail store. A participant is injured during the race.
An individual hired by the insured to paint her business office falls off a ladder and is injured.
One of the insured's employees is injured while on the job.
Here's an interesting quiz for you.