What is covered under a commercial general liability policy?
Commercial General Liability covers legal liability of the insured due to bodily injury or property damage. These are some types of coverage provided: Broad Public/General Liability cover for bodily injury or property damage incurred on your premises and/or as a result of your business operations.
How do you explain general liability?
General liability insurance policies typically cover you and your company for claims involving bodily injuries and property damage resulting from your products, services or operations. It may also cover you if you are held liable for damages to your landlord's property.
Which of the following would not be considered an insured under a commercial general liability policy?
Which of the following is NOT considered an insured contract under the Commercial General Liability Policy? Fiduciary liability insurance.
Which of the following would not be considered an insured under a commercial general liability policy?
Which of the following is NOT considered an insured contract under the Commercial General Liability Policy? Fiduciary liability insurance.
What are the 4 most common types of commercial insurance?
- Commercial General Liability Insurance. …
- Property Insurance. …
- Business Interruption Insurance. …
- Cyber Liability Insurance.
What’s the meaning of general liability?
General liability insurance policies typically cover you and your company for claims involving bodily injuries and property damage resulting from your products, services or operations. It may also cover you if you are held liable for damages to your landlord's property.
How do you calculate general liability?
Multiply your insurance rates by the size or revenues of your company. For instance, if your quote is for ten percent, multiple your gross revenues by 0.15 to calculate your costs. If your insurer gives you a quote of $50 per square foot, multiply $50 by the area of your office space in square feet.
What does General mean in insurance?
General insurance is designed to protect the things you value. Your insurance company will pay you the sum assured or an agreed amount to cover some or all the loss under certain situations. For example: Loss of your belongings when you travel.
What is the difference between general liability and umbrella?
General liability insurance is the first line of defense in the event of a third party claim against the policyholder. Umbrella liability insurance is intended to respond in the event the general liability policy is exhausted or does not cover the loss.
Which of the following would not be excluded under Coverage A of a commercial general liability policy?
Which of the following is not a specific exclusion in Coverage A of the CGL? The correct answer is: C. Intentional acts – The CGL does not contain an “intentional acts” exclusion.
What is covered under a commercial general liability policy?
Commercial General Liability covers legal liability of the insured due to bodily injury or property damage. These are some types of coverage provided: Broad Public/General Liability cover for bodily injury or property damage incurred on your premises and/or as a result of your business operations.
Which one of the following limits in the commercial general liability coverage form is not subject to the general aggregate limit?
Under the standard commercial general liability (CGL) policy, the general aggregate limit applies to all covered bodily injury (BI) and property damage (PD) (except for injury or damage arising out of the products-completed operations hazard) and all covered personal and advertising injury.
Which of the following would be covered under by coverage A of the CGL policy?
CGL coverage A protects you from damages arising out of bodily injury you cause other people, or from damage you cause to third-party property.