2
CIC - Commercial Casualty Exam with verified detailed solutions
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LO 1.1 - Identify types of liability exposures and describe the coverages the CGL Coverage
|| || || || || || || || || || || || || || ||
Form provides for these exposures
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Consists of Three Parts || || ||
1. Coverage A - Bodily Injury / Property Damage
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2. Coverage B - Personal & Advertising Injury
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3. Coverage C - Medical Payments
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LO 1.1 - Coverage A - Bodily Injury & Property Damage - Coverage Parts
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-Premises
-Operations
- Products
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-Completed Operations ||
-Contractual
-Contingent
LO 1.1 - What type of liability holds Property owners and lessees
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responsible for maintaining their premises in a reasonably safe condition. Coverage applies
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to owners, landlords, & tenants and arises from the ownership, maintenance, or use of the
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insured's premises. ||
Premises Liability ||
LO 1.1 - The type of liability exposure that arises from an organization's activities, included
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services and repair activities. These services or repairs are typically performed on others'
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premises, and the loss occurs while the activity is ongoing or being conducted.
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Business Operations Liability (Ongoing Operations Liability)
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LO 1.1 What type of liability arises from the sale, distribution, or manufacture of the
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insured's product. Coverage begins when a product that has left the insured's premises
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injures a third party because of a defect. An insured can be held liable if a consumer is
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injured by a food item, pharmaceutical item, or other product the insured sells. An insured
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manufacturer can be held liable if a defective product causes bodily injury or property
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damage to others. || ||
Products Liability ||
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LO 1.1 - Even if an insured has completed their work, liability exposure still exists. What
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type of liability protects the insured for losses that arise AFTER the service or repair work
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has been completed and put to its intended use.
|| || || || || || || ||
Completed Operations Liability || ||
LO 1.1 - Type of liability where one party agrees to compensate or hold harmless another
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party from potential damages or losses. Or, a party can voluntarily assume liability for
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certain risks or losses that they might not have been responsible for.
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Contractual Liability ||
LO 1.1 - What type of liability holds the Named Insured responsible for the actions of
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others it may exercise control over. ( i.e. employee)
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Contingent Liability (Vicarious Liability) || || ||
LO 1.1 - Coverage B - Personal & Advertising Injury - Coverage Parts
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Operations and Contingent || ||
LO 1.1 - What type of liability arises from intentional torts such as libel, slander, & wrongful
|| || || || || || || || || || || || || || || || ||
eviction.
Personal Injury Liability || ||
LO 1.1 - What type of liability can stem from misappropriation of advertising ideas, business
|| || || || || || || || || || || || || ||
style or design, or copyright infringement.
|| || || || || ||
Advertising Injury Liability || ||
LO 1.2 - Identify insured parties and assess coverage limitations under the Commercial
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General Liability Coverage Form based on an understanding of liability risks and Section II
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criteria.
Who is an Insured || || ||
LO 1.2 - Three Categories of insureds under the CGL policy.
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1. Named Insured
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2. Automatic Insureds
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3. Non-Automatic Insureds
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LO 1.2 - Persons or organizations named in the Declarations
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Named Insured ||
LO 1.2 - Persons or organizations given insured status in the policy
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, 2
Automatic Insureds ||
LO 1.2 - Persons or organizations not given insured status in the
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policy but who may need to be given insured status for business reasons. (Additional
|| || || || || || || || || || || || || ||
Insured)
Non-Automatic Insured ||
LO 1.2 - Automatic Insured
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1. || Individual
2. || Partnership or Joint Venture || || ||
3. || Limited Liability Company || ||
4. || Other Types of Organizations
|| || ||
5. || Trust
LO 1.2 - The spouse of this type of named insured is given automatic status as an insured
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but only regarding the conduct of the Named Insured's business. Coverage does not extend
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to non-business activities.
|| ||
Individual / Sole Proprietor || || ||
LO 1.2 - The members and partners of this type of named insured and their spouses are
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automatic insureds and applies only to the conduct of the named insured's business.
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Partnership or Joint Venture || || ||
LO 1.2 - This type of named insured provides automatic coverage for it's members and
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managers.
Limited Liability Company (does not include spouse)
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LO 1.2 - Directors, Executive Officers while performing their duties. Plus, stockholders are
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name insured's. ||
Other Types of Organizations (Corporations or Associations)
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LO 1.2 - Trustees are automatic insureds, but only within the scope of their duties as
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trustees for the named trust || || || ||
Trust
LO 1.2 - Other Types of Automatic Insureds
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1. Leased , Employees, Volunteer Workers
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2. Real Estate Managers
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3. Legal Representative if Named Insured dies
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CIC - Commercial Casualty Exam with verified detailed solutions
|| || || || || || || ||
LO 1.1 - Identify types of liability exposures and describe the coverages the CGL Coverage
|| || || || || || || || || || || || || || ||
Form provides for these exposures
|| || || ||
Consists of Three Parts || || ||
1. Coverage A - Bodily Injury / Property Damage
|| || || || || || || ||
2. Coverage B - Personal & Advertising Injury
|| || || || || || ||
3. Coverage C - Medical Payments
|| || || || ||
LO 1.1 - Coverage A - Bodily Injury & Property Damage - Coverage Parts
|| || || || || || || || || || || || ||
-Premises
-Operations
- Products
||
-Completed Operations ||
-Contractual
-Contingent
LO 1.1 - What type of liability holds Property owners and lessees
|| || || || || || || || || || ||
responsible for maintaining their premises in a reasonably safe condition. Coverage applies
|| || || || || || || || || || || ||
to owners, landlords, & tenants and arises from the ownership, maintenance, or use of the
|| || || || || || || || || || || || || || ||
insured's premises. ||
Premises Liability ||
LO 1.1 - The type of liability exposure that arises from an organization's activities, included
|| || || || || || || || || || || || || || ||
services and repair activities. These services or repairs are typically performed on others'
|| || || || || || || || || || || || ||
premises, and the loss occurs while the activity is ongoing or being conducted.
|| || || || || || || || || || || ||
Business Operations Liability (Ongoing Operations Liability)
|| || || || ||
LO 1.1 What type of liability arises from the sale, distribution, or manufacture of the
|| || || || || || || || || || || || || || ||
insured's product. Coverage begins when a product that has left the insured's premises
|| || || || || || || || || || || || ||
injures a third party because of a defect. An insured can be held liable if a consumer is
|| || || || || || || || || || || || || || || || || ||
injured by a food item, pharmaceutical item, or other product the insured sells. An insured
|| || || || || || || || || || || || || || ||
manufacturer can be held liable if a defective product causes bodily injury or property
|| || || || || || || || || || || || || ||
damage to others. || ||
Products Liability ||
,2
LO 1.1 - Even if an insured has completed their work, liability exposure still exists. What
|| || || || || || || || || || || || || || || ||
type of liability protects the insured for losses that arise AFTER the service or repair work
|| || || || || || || || || || || || || || || ||
has been completed and put to its intended use.
|| || || || || || || ||
Completed Operations Liability || ||
LO 1.1 - Type of liability where one party agrees to compensate or hold harmless another
|| || || || || || || || || || || || || || || ||
party from potential damages or losses. Or, a party can voluntarily assume liability for
|| || || || || || || || || || || || || ||
certain risks or losses that they might not have been responsible for.
|| || || || || || || || || || ||
Contractual Liability ||
LO 1.1 - What type of liability holds the Named Insured responsible for the actions of
|| || || || || || || || || || || || || || || ||
others it may exercise control over. ( i.e. employee)
|| || || || || || || ||
Contingent Liability (Vicarious Liability) || || ||
LO 1.1 - Coverage B - Personal & Advertising Injury - Coverage Parts
|| || || || || || || || || || || ||
Operations and Contingent || ||
LO 1.1 - What type of liability arises from intentional torts such as libel, slander, & wrongful
|| || || || || || || || || || || || || || || || ||
eviction.
Personal Injury Liability || ||
LO 1.1 - What type of liability can stem from misappropriation of advertising ideas, business
|| || || || || || || || || || || || || ||
style or design, or copyright infringement.
|| || || || || ||
Advertising Injury Liability || ||
LO 1.2 - Identify insured parties and assess coverage limitations under the Commercial
|| || || || || || || || || || || || ||
General Liability Coverage Form based on an understanding of liability risks and Section II
|| || || || || || || || || || || || || ||
criteria.
Who is an Insured || || ||
LO 1.2 - Three Categories of insureds under the CGL policy.
|| || || || || || || || || ||
1. Named Insured
|| ||
2. Automatic Insureds
|| ||
3. Non-Automatic Insureds
|| ||
LO 1.2 - Persons or organizations named in the Declarations
|| || || || || || || || ||
Named Insured ||
LO 1.2 - Persons or organizations given insured status in the policy
|| || || || || || || || || || ||
, 2
Automatic Insureds ||
LO 1.2 - Persons or organizations not given insured status in the
|| || || || || || || || || || ||
policy but who may need to be given insured status for business reasons. (Additional
|| || || || || || || || || || || || || ||
Insured)
Non-Automatic Insured ||
LO 1.2 - Automatic Insured
|| || || ||
1. || Individual
2. || Partnership or Joint Venture || || ||
3. || Limited Liability Company || ||
4. || Other Types of Organizations
|| || ||
5. || Trust
LO 1.2 - The spouse of this type of named insured is given automatic status as an insured
|| || || || || || || || || || || || || || || || || ||
but only regarding the conduct of the Named Insured's business. Coverage does not extend
|| || || || || || || || || || || || || ||
to non-business activities.
|| ||
Individual / Sole Proprietor || || ||
LO 1.2 - The members and partners of this type of named insured and their spouses are
|| || || || || || || || || || || || || || || || ||
automatic insureds and applies only to the conduct of the named insured's business.
|| || || || || || || || || || || ||
Partnership or Joint Venture || || ||
LO 1.2 - This type of named insured provides automatic coverage for it's members and
|| || || || || || || || || || || || || || ||
managers.
Limited Liability Company (does not include spouse)
|| || || || || ||
LO 1.2 - Directors, Executive Officers while performing their duties. Plus, stockholders are
|| || || || || || || || || || || || ||
name insured's. ||
Other Types of Organizations (Corporations or Associations)
|| || || || || ||
LO 1.2 - Trustees are automatic insureds, but only within the scope of their duties as
|| || || || || || || || || || || || || || || ||
trustees for the named trust || || || ||
Trust
LO 1.2 - Other Types of Automatic Insureds
|| || || || || || ||
1. Leased , Employees, Volunteer Workers
|| || || || ||
2. Real Estate Managers
|| || ||
3. Legal Representative if Named Insured dies
|| || || || || ||
