Commercial Insurance Series
Commercial General Liability Insurance Course
Why you need this course:
All organizations are exposed to the types of liability losses covered by the Insurance Services Office, Inc. (ISO) Commercial General Liability (CGL) Coverage Form; most also have liability loss exposures that are not covered by the CGL. Knowing whether the CGL covers particular loss exposures will help you determine whether you should recommend additional coverage forms to cover these loss exposures.
This course addresses liability loss exposures and commercial general liability insurance, the foundation of liability insurance protection for most organizations. CGL policy provisions address such questions as “Who is an insured?” and “How much will the policy pay?” In addition, this course explains how the claims-made CGL form differs from the occurrence form, how the CGL can be modified by endorsement, and how CGL coverage is rated.
The CGL provisions discussed in this course will help you determine whether a claim is covered under the policy and, if it is, for how much. Understanding coverage and rating will enable you to recommend appropriate CGL endorsements and explain how CGL coverage is priced. Miscellaneous liability coverage forms filed by ISO are also addressed.
Upon successful completion of all thirteen modules in this course, you should be able to:
- Explain how each of the following can be the basis for legal liability:
- Torts
- Contracts
- Statutes
- Describe the following liability loss exposures that can be covered by commercial general liability (CGL) insurance:
- Premises liability exposure
- Operations liability exposure
- Products liability exposure
- Completed operations liability exposure
- Other CGL exposures
- Describe the insuring agreements, exclusions, and exceptions to exclusions under the following CGL coverages:
- Coverage A—Bodily Injury and Property Damage Liability
- Coverage B—Personal and Advertising Injury Liability
- Coverage C—Medical Payments
- Describe the supplementary payments provided by the CGL coverage form.
- Explain whether, and for what amount, the CGL coverage form would cover a described loss.
- Identify the persons and organizations that may be insured by the Commercial General Liability (CGL) Coverage Form.
- Explain how the following limits of insurance in the CGL coverage form are applied:
- Each occurrence limit
- Personal and advertising injury limit
- “Damage to premises rented to you” limit
- Medical expense limit
- General aggregate limit
- Products-completed operations aggregate limit
- Summarize the CGL conditions.
- Explain how the claims-made CGL form differs from the occurrence CGL form.
- Describe the purposes that can be served by endorsements to the CGL coverage form.
- Explain how the premium for CGL coverage is determined.
- Describe the purpose of each of the following:
- Liquor Liability Coverage Form
- Products/Completed Operations Liability Coverage Form
- Owners and Contractors Protective (OCP) Liability Coverage Form
- Railroad Protective Liability Coverage Form
- Explain whether, and for what amount, the CGL or other miscellaneous ISO liability coverage forms would cover a described loss.
We recommend that you study the modules in the order presented in the course.
Cost of this course: $120 (5 Professional Development Hours @ $24 per hour)
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