Chapter 26.docx - Agenda General liability loss exposures...

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Agenda General liability loss exposures Commercial general liability policy Employment related practices liability Insurance Worker's compensation Insurance Commercial Auto Insurance Aircraft Insurance Commercial umbrella policy Cyber liability insurance Businessowners policy Professional liability insurance Directors and officers liability insurance. Commercial general liability policy The commercial general liability policy (CGL) is widely used by firms to cover their general liability loss exposures o An occurrence policy covers liability claims arising out of occurrences that take place during the policy period o A claims made policy covers the only claims ldddd Section I includes coverages A-C Coverage A: Bodily injury and property damage liability Coverage A contains a lengthy list of exclusions, including o Expected or intended injuries or damages o Contractual liability o Liquor liability o Worker's comp
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o Employers liability o Pollution o Aircraft, auto, and watercraft o Mobile equipment o War o Coverage A includes defense costs, and the insurer dddd Coverage B: Personal and Advertising liability o The insurer agrees to pay those sums that the insured is legally liable to pay as damages because of personal and advertising injury The policy covers legal liability resulting from:
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