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Comm. Gen Liability

Arizona Independent Insurance Adjusters Exam

QuestionAnswer
___ ____ ____ insurance is a form of liability insurance used by businesses to protect themselves against damages and lawsuits arising from its premises, its general operations, and the products they manufacture and sell. Commercial general liability
A ____ is defined as an event that enacts the provisions of a CGL policy. It is also called a “ coverage trigger”. trigger
An ___ ____ CGL policy is triggered by bodily injury or physical damage that occurs during the policy period. Occurrence Form
The ____ _____CGL is triggered when a claim is filed against the insured business during the current policy period, regardless of the date when the bodily injury or property damage occurred. claims-made form
CGL policies will respond to “_____” taking place in the United States, Canada, and Puerto Rico. occurrences
This limit establishes the maximum amount the policy will pay to satisfy claims regarding Products and Completed Operations only. The Products-Completed Operations Aggregate Limit
Establishes the maximum amount the policy will pay out over the policy period for Coverage A, B, and C except for Products and Completed Operations. General Aggregate Limit
Establishes the maximum amount the insurer will pay to satisfy claims for bodily injury, property damage and medical payments per occurrence. Per Occurrence Limit
Created by: ajramirez1969
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