What is excluded from general liability insurance?
General liability policies typically exclude coverage for intentional acts. This means that if a business owner intentionally causes harm to another person or property, the general liability policy will not provide coverage.
- Commercial auto accidents that you or your employees cause while driving for work. ...
- Employee injuries or illnesses due to their work. ...
- Damage to your own business property. ...
- Mistakes or errors in the professional services given to customers.
Coverage A: Bodily Injury and Property Damage Liability
Workers compensation and employment practices liability insurance are excluded but can be purchased as separate policies. In addition, pollution liability is excluded and can be purchased as an endorsem*nt.
Liability arising out of expected or intended injury is not covered by the CGL policy.
Typical examples of excluded perils under a homeowners policy are flood, earthquake, and nuclear radiation. A typical example of an excluded loss under an automobile policy is damage due to wear and tear.
Life Insurance is not a type of general insurance.
The correct answer is: C. Intentional acts – The CGL does not contain an “intentional acts” exclusion. Exclusion “a.” is the Expected or Intended Injury Exclusion, but it does not exclude an intentional ACT unless the act is Expected or Intended to cause an injury.
While the CGL policy is only triggered if bodily injury or property damage occurs during the policy period (Coverage A) or the personal and advertising injury offense was committed during the policy period (Coverage B), what is important here is to distinguish between the bodily injury or property damage itself and the ...
The major exclusions under a CGL policy include: intentional injury; insured contracts; liquor liability; workers compensation and employers liability; pollution; aircraft; automobile; watercraft; mobile equipment; war; care, custody, and control; damage to your work; impaired property; sistership liability; and ...
Punitive Damages
The language of the ISO CGL obligates an insurer to pay “as damages” those sums an insured is legally obligated to pay because of bodily injury or property damage. Because a damage award may include punitive damages, the CGL does obligate the insurer to pay punitive damages.
What is the known conditions exclusion?
The “known conditions” exclusion—a type of known loss exclusion— has been defined by an insurance company in one PLL policy to exclude coverage for loss “arising from pollution conditions existing prior to the inception of this policy, and reported to any officer, director, partner or other employee responsible for ...
While your commercial general liability (CGL) insurance policy may provide coverage for punitive damages, coverage will also depend on the public policy in the state whose law governs the dispute.
- Earthquakes.
- Floods.
- Sinkholes.
- Certain types of water damage.
- Wear and tear.
- Intentional damage.
While most exclusions can be found after the main coverage sections in your policy (named perils, personal property, personal liability, additional coverage, and medical payments to others), you'll also notice exclusions in the definitions, conditions, and endorsem*nts sections.
In workers compensation insurance, general exclusions are operations (e.g., aircraft operations) that are specifically excluded from the basic classifications and are always separately classified unless specifically included in the basic classification wording.
Under the CGL policy, a corporate parent is not afforded coverage as an insured. Subsidiaries are afforded coverage in limited instances.
General insurance covers home, your travel, vehicle, and health (non-life assets) from fire, floods, accidents, man-made disasters, and theft. Different types of general insurance include motor insurance, health insurance, travel insurance, and home insurance.
Definition: Insurance contracts that do not come under the ambit of life insurance are called general insurance. The different forms of general insurance are fire, marine, motor, accident and other miscellaneous non-life insurance.
For the CGL auto exclusion to apply, the bodily injury or property damage must not only arise out of the ownership, maintenance, use, or entrustment to others of an auto, the auto involved must also be owned, operated, rented, or loaned to any insured.
Final answer: Coverage A in a commercial general liability policy typically covers bodily injury or property damage caused by the business operations and does not exclude unintentional damage caused to a customer's property, unless explicitly mentioned in the exclusions.
What is the general liability exclusion for watercraft?
General Liability Exclusions
Most general liability policies contain an exclusion under Bodily Injury and Property Damage Liability. The exclusion eliminates coverage for bodily injury or property damage arising out of the ownership, maintenance or use of any watercraft that any of the insureds own or operate.
LIMITS: The limit you select can usually range from $300,000 up to $1,000,000 each occurrence. To obtain a higher limit requires the purchase of an Umbrella or Excess Liability policy. The CGL separates the limit of insurance into coverage categories -
There are three primary coverage sections that make up a CGL policy: premises liability, products liability and completed operations.
(ISO), commercial general liability (CGL) insurance policy begins by making it clear that the limits shown in the declarations fix the most the insurer will pay regardless of the number of insureds, claims made, or suits brought or persons or organizations making claim or bringing suits.
It is not possible to exclude or restrict liability for death or personal injury resulting from negligence.
