chapter 26.doc - Principles of Risk Management and Insurance 12e(Rejda\/McNamara Chapter 26 Commercial Liability Insurance 1 The phrase\"general liability

chapter 26.doc - Principles of Risk Management and...

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Principles of Risk Management and Insurance, 12e(Rejda/McNamara)Chapter 26 Commercial Liability Insurance 1) The phrase "general liability" is used to refer to the legal liability of a business arising from allof the following EXCEPT A) employees injured on the job. B) defective products.C) liability assumed by contract.D) completed operations.Answer: AQuestion Status: Previous Edition 2) Liability arising out of work performed by independent contractors is referred to as 3) A customer was injured when a furnace exploded following its faulty installation by a heating and cooling business. For the heating and cooling business, this is an example of 4) The Commercial General Liability (CGL) Policy covers liability arising out of which of the following loss exposures? I.Bodily injury of an employee of the insured arising out of and in the course of employment II.Bodily injury of a customer injured by a defective product manufactured by the insured 1
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5) Which of the following exposures is covered under a Commercial General Liability Policy with no endorsements? A) liability arising out of seepage of pollutantsB) employment-related practices liabilityC) personal injury liabilityD) aircraft liabilityAnswer: CQuestion Status: Previous Edition6) Bay Gallery owns a building a Wharf Street. Bay Gallery purchased a Commercial General Liability Policy with no endorsements. All of the following claims would be covered under the policy EXCEPT
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