Chapter 15 - Commercial General Liability Insurance
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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!
- 1.Which of the following are true about the 60-day basic extended reporting period? Select all that apply.
- A.
It becomes effective automatically if needed when a claims-made policy expires.
- B.
The insured must request it in writing within 60 days after the policy expires.
- C.
It does not require an additional premium.
- D.
No separate endorsement is required to provide this extended reporting period.
- 2.What is the purpose of a retroactive date in the claims-made form?
- A.
Extends the period of time in which a claim can be covered under the policy
- B.
Stipulates a date as the first date on which an event can occur and be covered by the policy if a claim is filed
- C.
Extends the policy period
- D.
Stipulates a date after which any loss that occurs will not be covered
- 3.Which of the following is a personal and advertising injury?
- A.
Broken leg
- B.
Death
- C.
Calling a client a cheat and a fraud
- D.
Dog bite
- 4.Which of the following are usually excluded under Coverage A of the Commercial General Liability policy? Select all that apply.
- A.
Property damage to property owned by the insured
- B.
Property damage to property in the care, custody, or control of the insured
- C.
Bodily injury sustained by an insured while using the insured's product
- D.
Bodily injury to a customer who is injured in an accident on the insured's premises
- 5.All of the following reduce the CGL's General Aggregate Limit except which of the following?
- A.
Medical Payments sublimit
- B.
Personal and Advertising Injury limit
- C.
Fire Damage limit
- D.
Products-Completed Operations limit
- 6.A woman is injured when she breaks a tooth on a rock that mysteriously found its way into a box of cereal. This is an example of which of the following?
- A.
Premises and operations exposure
- B.
Products-completed operations exposure
- C.
Contingent liability exposure
- D.
Contractual liability exposure
- 7.Which of the following business liability exposures are either excluded altogether from the CGL or covered only in certain circumstances? Select all that apply.
- A.
Premises and operations
- B.
Indirect/contingent liability
- C.
Pollution
- D.
Work-related injuries to employees
- 8.Which one of the following is not required in a CGL coverage part?
- A.
CGL declarations
- B.
One or more CGL coverage forms
- C.
Causes of Loss form
- D.
Common Policy Conditions
- 9.Which of the following would be considered mobile equipment under the Commercial General Liability coverage form? Select all that apply.
- A.
Truck used to transport personnel to construction sites
- B.
Road construction grader
- C.
Bulldozer
- D.
Self-propelled vehicles designed for snow removal
- 10.Which of the following are excluded under Coverage A of the CGL?
- A.
Damage the insured causes intentionally
- B.
Pollution losses caused by the insured
- C.
Liquor liability for those in the business of serving liquor
- D.
All of the above
- 11.Which of the following would be excluded under Coverage C of the CGL? Select all that apply.
- A.
A shopper is injured in the insured's retail store when a box falls on him from an overhead shelf.
- B.
The insured sponsors a foot race on the land surrounding his retail store. A participant is injured during the race.
- C.
An individual hired by the insured to paint her business office falls off a ladder and is injured.
- D.
One of the insured's employees is injured while on the job.
- 12.If an insurer decides to not renew the CGL policy, how many days notice of nonrenewal must be provided to the first named insured?
- A.
10 days
- B.
7 days
- C.
20 days
- D.
30 days
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