What is not covered under commercial general liability insurance?

What are some common CGL exclusions?

What is the difference between general liability and commercial general liability?

General liability insurance (GLI) can help cover claims that your business caused bodily injury or property damage. This coverage is also known as commercial general liability insurance (CGL). You can get GLI as a standalone policy or bundle it with other key coverages with a Business Owner's Policy (BOP).

Does a general liability policy cover theft?

Liability insurance likely won't cover theft, as it usually protects against bodily injury and property damage resulting from an accident.

Which of the following is not excluded under Part A of the CGL form?

Which of the following is NOT excluded under Part A of the CGL form? The mobile equipment exclusion applies to the transportation of mobile equipment by the insured. However operation of mobile equipment is not excluded unless for racing or stunting.

Which of the following would not be included in a commercial package policy?

All the following are included in the CPP Common Policy Declarations EXCEPT: policy period, time and date coverage begins and ends. list of forms applicable to all coverage parts.

Which of the following is not found in the common policy declarations of a commercial package policy?

The common policy declarations of the CPP contain all of the following, except: Transfer of rights and duties Transfer of Rights and Duties is in the Conditions section, not the Declarations.

Which of the following is not covered as insured contracts under a CGL coverage form?

The CGL policy does not cover work-related bodily injury to any employee, which would be covered by workers compensation insurance. It specifically excludes property damage arising out of the discharge or escape of pollutants.

What are some unnecessary types of insurance?

What does a business owners policy cover?

A business owner's policy provides general liability coverage and also pays for damage or loss of your building, equipment, and inventory. Businesses that interact with the public rely on a general liability policy to cover third-party lawsuits over bodily injuries and property damage.

What is the difference between general liability and professional liability?

The main difference between general liability and professional liability is in the types of risks they each cover. General liability covers physical risks, such as bodily injuries and property damage. Professional liability covers more abstract risks, such as errors and omissions in the services your business provides.

Does commercial general liability cover errors and omissions?

General liability lives up to its name – it's generalized liability coverage for lawsuits, property damage, and advertising injuries. E&O only covers lawsuits over the financial losses someone experienced because of your work.

How many coverage parts are in a commercial general liability policy?

Five sections make up the CGL: coverages, who is an insured, limits of insurance, conditions, and definitions. Coverages are available on either an occurrence or a claims-made basis for bodily injury and property damage, personal and advertising injury, and medical payments, each subject to many exclusions.

Does commercial general liability cover death?

General Liability insurance will defend your business and indemnify a third party if you are responsible for someone else's injury, disease or sickness, general liability insurance pays expenses such as : Medical care costs, Loss of services and Court-awarded compensation for deaths or injuries that result from an ...

What is a general exclusion?

General Exclusions — in workers compensation insurance, operations (e.g., aircraft operations) that are specifically excluded from the basic classifications and are always separately classified unless specifically included in the basic classification wording.

What are the 7 basic types of coverage needed?

Which risks Cannot be insured?

While some coverage is available, these five threats are considered mostly uninsurable: reputational risk, regulatory risk, trade secret risk, political risk and pandemic risk.

What are the 3 main types of insurance?

Then we examine in greater detail the three most important types of insurance: property, liability, and life.

Which of the following businesses would not be eligible for coverage under the Garage Coverage Form?

The Garage Coverage Form provides liability coverage for Premises and Operations, Products, and Completed Operations Liability, but not for Contractual Liability. A car rental agency would not be eligible under this form, which is intended for businesses that sell, service, or store automobiles.

What would not be considered a Personal Injury loss under the commercial general liability policy?

Personal Injury Liability Insurance covers all of the following, except: Bodily Injury -- Personal injury affects one's reputation or emotional well-being and does not include bodily harm or property damage.

Is contractual liability covered under general liability?

Contractual liability insurance covers liability you assume under a lease, rental agreement, or other common business contract. Contractual liability coverage is included in the standard general liability policy.