Commercial Property: General Liability Concepts and Coverage

These flashcards cover key concepts of Commercial General Liability policies, including definitions and specific terms related to coverage, exclusions, and conditions.

Commercial General Liability (CGL) Policy

Insurance that can be written as a monoline policy or part of a multi-line policy; provides coverage for different types of liabilities.

Coverage A Exposures

Liability coverage that includes premises liability, personal injury, products liability, and business operations liability.

Premises Liability

Liability arising from the ownership, maintenance, or use of the insured's premises.

Personal Injury Liability

Liability arising from intentional torts like libel, slander, and wrongful eviction.

Products Liability

Liability arising from the sale, distribution, or manufacture of the insured’s product.

Contractual Liability

Liability arising from one party agreeing, by contract, to assume responsibility for another party.

Contingent Liability

Liability that arises from work performed by someone else, such as employees or subcontractors.

Ongoing Operations Liability

Liability that arises from an organization’s activities while being conducted on other’s premises.

Completed Operations Liability

Liability that arises from activities after they have been completed and put to their intended use.

Insured Status Under CGL

Categories of insureds including named insureds, automatic insureds, and non-automatic insureds.

Endorsements

Contracts that modify the CGL policy, redefining terms and altering coverage.

Exclusions of Coverage A

Specific circumstances where coverage under the CGL policy does not apply, including expected or intended injury.

Medical Payments Coverage

Coverage that applies to medical expenses for someone not insured by the policy, arising from accidents on the insured’s premises.

Supplementary Payments

Payments made by the insurer that do not reduce the limits of insurance, covering legal fees and related expenses.

Occurrence

An accident or continuous exposure that results in bodily injury or property damage.

Coverage Territory

Defined as the United States, Puerto Rico, and Canada, where the policy applies.

Pollution Exclusion

Excludes liability for bodily injury/property damage arising out of pollution events.