1 Commercial Casualty Insurance Commercial Package Policy (CPP) Similar to a homeowners' policy, the Commercial Package Policy combines two or more coverages into one policy. This reduces repetitive information, eliminates coverage gaps, and can produce savings in premiums. However, the CPP is for business use, specifically large or big business. Advantages to Packaging a Policy: For the insured, an advantage of packaging is that there are fewer policies to buy and maintain. Packaging reduces the chance of a delay in a loss settlement due to disputes between different insurers. For example, the loss involving loading of automobiles could fall in a "gray area" between auto liability and general liability. If one insurer provides both coverages, payment of a claim will not be delayed as it might be if each coverage were written by a separate insurer and each insurer felt the claim was covered under the other's policy. CPP is made up of: 1. Common Declarations 2. Common Conditions 3. Interline Endorsements (if needed) 4. Two or more Coverage Parts Coverage Parts are commercial coverages which can be purchased and which make up the CPP. The Coverage Parts which we will be covering include: 1. Commercial Property 2. Farm (Property) 3. Commercial Marine (Property) 4. Equipment Breakdown (Not covered in this course or on the exam) 5. Commercial Crime (Casualty) 6. Commercial Auto (Casualty) 7. Commercial General Liability CGL (Casualty)
2 A CPP might also contain interline endorsements or endorsements that may be used with more than one line of insurance or more than one Coverage Part. They are prepared to eliminate redundancy and to minimize the number of endorsements in the Commercial Package Policy. When the property or casualty policy is issued, the licensed producer must countersign the policy. This will verify that a licensed producer sold the insurance and that he is licensed in the state in which the insurance was written. First Named Insured: Some commercial policies use the term first named insured. In the commercial field, it is possible to have many named insureds on the same policy. By making the "first named insured" and the insurer the primary parties responsible for carrying out contractual duties, the process of meeting policy obligations has been simplified. For example, the insurer may satisfy its obligation by sending a cancellation notice to the "first" named insured rather than all the named insureds. CPP Common Declarations Page: 1. Policy number and policy period 2. Identity of the insurer and producer 3. Name and mailing address of the named insured 4. Description of the covered business 5. List of the coverage parts purchased and the premiums for each part 6. Total of all combined premiums 7. List of forms applicable to each coverage part 8. Countersignature and the date of the signature Special Note: For the state exam, students should be able to answer: 1. What makes up a Commercial Package Policy (CPP)? 2. What are the seven Coverage Parts? 3. What can be found on a Common Declarations Page?
3 Common Conditions Page of a CPP: Cancellation of a Policy... The first named insured may cancel the policy by giving written notice or returning the policy to the insurance company. Either approach provides the insurer with written documentation proving that the policyholder (named insured) initiated the cancellation. If the insurance company cancels coverage, notice must be sent to the (first) named insured, producer of record and any mortgage company (lien holder). A minimum 10-day written notice is required for cancellation due to nonpayment of premiums, whereas a minimum 30-day written notice is required to cancel for other reasons. If the notice of cancellation is mailed, the insurance company is not required to prove that the insured actually received the notice. It is required to prove only that the notice was mailed to the (first) named insured at the mailing address on the policy. Changes condition states that changes can be requested only by the (first) named insured, and made only by a written endorsement issued by the insurance company. The policy constitutes the entire contract between the parties and cannot be arbitrarily changed by either party. Premiums are the responsibility of the First named insured. "We" May Examine "Your" Books and Records... at any time and for up to three years after the policy period. This provision is included because most commercial coverage is issued with estimated premiums. The final premium is determined after the policy expires, based on reported values of the insured property, the amount of the insured's sales, payrolls, or some other variable. Inspection and Surveys: The insurer may inspect or survey the insured premises at any time, report its findings and make recommendations for changes. This inspection will relate only to insurability and premiums. It is also designed to make sure that all policy warranties are being met. The insurer does not warrant that conditions are safe or that the insured is in compliance with any specific regulations. "Your" Rights and Duties under this policy may not be transferred to another party, but remain the rights and duties of the first named insured.
5 Commercial General Liability (CGL) The most widely used method of financing the liability losses of a business organization is the purchase of commercial general liability insurance. The most commonly used form that provides this coverage is the ISO commercial general liability coverage part. This coverage consists of general liability declarations, a CGL coverage form, and any endorsements. The Insuring Agreement states that the insurer agrees to pay all sums for injury or damage for which the insured is legally responsible. The insurer has the right and duty to defend the insured in any suit, investigate an occurrence, and settle any claim or suit that may result. Coverage applies only if the incident causing the injury or damage occurs in the covered territory and during the policy period. CGL Basic Hazards (sources of loss exposure) Premises and Operations covers the legal liability that results from the exposures generated by a business that has a premises exposure, such as Costco or Fred Meyer, or a business that has mainly an operations exposure, such as an electrical contractor working on someone else's premises. Premises and Operations liability covers business activities on and off the insured's premises. PREMISES example: A heavy box at Costco falls off a shelf and injures a customer. OPERATIONS example: An electrical fire results from activity at a job site where an insured is working as an electrical contractor when the insured negligently leaves electrical wires exposed. Products and Completed Operations is separate from the premises and operations coverage, but in reality extends those coverages. Under "products and completed operations" coverage, control of the product must be relinquished and it must be off the business premises. (The product does not have to be manufactured by the insured to be protected under this coverage). In the case of the "operation," the work must be finished and the worksite abandoned. PRODUCTS example: A tool breaks and causes injury, or a Coke bottle explodes and injures a customer. COMPLETED OPERATIONS example: The same as the Products example above, except that the job would have to be completed and no further work required.
6 Contractual Liability is another coverage included in the current CGL policy. All "insured contracts" are covered. Insured contracts include any contract that is a necessary part of the business. The coverage includes contracts such as leases, easements, railroad sidetrack agreements, and elevator maintenance agreements. Contractual Liability is specifically meant for liability which is picked-up under a contract by signing a Hold Harmless Agreement. A Hold Harmless Agreement is one whereby one party assumes the liability inherent in a situation, thereby relieving the other party of responsibility. Contractual Liability has absolutely nothing to do with the doctrine of Breach of Contract (usually protected or covered using bonds). CGL EXCLUSIONS Ownership, maintenance, or use of autos, watercraft, or aircraft. This can be covered by the Commercial Auto, Marine, or Aircraft insurance. Injury of an employee on the job (Workers' Compensation coverage). The Liquor Liability Exclusion is for a business who manufactures, distributes, sells, services, or furnishes alcoholic beverages. Pollution losses are usually excluded under a business's CGL policy. Property owned or leased by the insured. (The insured's property is covered under property coverage, first party.) Damage to the insured's own product resulting from poor workmanship. The primary purpose of this exclusion is to avoid making the insurer a guarantor of the insured's work or product.
7 Commercial General Liability (CGL) Coverage Forms Coverage A, BI and PD, covers the Premises and Operations, Products and Completed Operations, Contractual Liability and Independent Contractors. The insuring agreement states that the insurer agrees to pay all sums up to the limits of insurance written that the insured becomes legally obligated to pay as damages, because of bodily injury or property damage to which the insurance applies. It includes a duty to defend. There are two CGL Coverage Forms: 1. Occurrence Form covers bodily injury and property damage liability from occurrences during the policy period, even if the claim is filed after the policy period ends. A claim made today for an injury that occurred 20 years ago could be covered under an occurrence policy that was in effect 20 years ago. In recent years, many such long-tail claims have been made for latent injury caused by exposures to asbestos, lead-based paints or breast implants. A problem posed for insurers by these long-tail claims is that their ultimate cost cannot be accurately predicted when the insurer develops the premium for the policy. The insurer may not realize that the insured's product can cause latent injury, and the unanticipated claims, made many years in the future, may be subject to liberalized laws or inflated monetary values. 2. Claims-Made Form provides coverage for bodily injury and property damage that occurs after the retroactive date and before the policy expiration date. Also, the claim must be reported before the policy expiration date (or before the expiration date of the Extended Reporting Period, if applicable). The Claims-Made Coverage Form was developed to address the problem above that exists with an occurrence form. Instead of covering injury that occurs during its policy period without regard to when the claim is made, a claims-made policy covers only claims first made against the insured during its policy period. A claim made after the policy expires is not covered by that policy (unless the claim is covered by an extended reporting period). An additional requirement is that the injury or damage for which the claim is made must not have occurred before the policy's retroactive date, if any, or after the end of the policy period.
8 Retroactive Date - The retroactive date excludes coverage for earlier occurrences, usually because other insurance applies (usually occurs when the insured switches from an Occurrence form to a Claims Made form). If there is a retroactive date listed on the declaration, that retroactive date is the date that coverage begins. Losses that occurred before the listed retroactive date are NOT covered by the policy. Benefit Trigger is a term often use in insurance. It refers to conditions to be met before benefits are paid out. Bodily Injury to a customer at your business is a Benefit Trigger. Claims which trickle in after the end of a policy period create an exposure known as a claims tail. Tail coverage is automatically built into the insuring agreement of occurrence forms. This is not the case with claims made forms, and the forms would be unacceptable if they left insureds exposed to serious insurance gaps that could not be covered. The Extended Reporting Periods were designed to take care of certain gaps in coverage. Extended Reporting Period (ERP) is a period of time following the expiration of a claimsmade policy during which time claims filed will be covered if the occurrence took place before the policy expired. An ERP is used when a claims-made policy is being replaced by an occurrence policy. The types of ERPs include: a) A Basic ERP, (a.k.a. mini-tail), begins automatically without additional premium when the policy period ends and is activated when there is an interruption in claims-made coverage, that is, when the policy is canceled or non-renewed, or is replaced with an occurrence form policy. Coverage is triggered for occurrences arising after the retroactive date but before the policy expiration, if reported within 60 days following the expiration. b) A Five-Year Basic ERP, (a.k.a. midi-tail), begins automatically without additional premium and covers only claims arising from occurrences reported by the insured before the mini-tail expires. This ERP is activated when the policy is canceled or non-renewed, or is replaced with an occurrence form policy. c) A Supplemental ERP, (a.k.a. maxi-tail), covers all claims not covered by the basic ERPs, as long as the occurrence took place before the policy expired. Additional premium is charged to add the supplemental ERP to the policy; however, ISO manual rules limit the additional premium to 200% of the annual premium of the CGL coverage part. Unlike the two Basic ERPs, coverage of the Supplemental ERP Endorsement is reinstated back to the original policy limits (see aggregate limits discussed later in this section).
9 In effect, an ERP is the transitional opposite of the retroactive date. The retroactive date excludes coverage for earlier occurrences because other insurance applies. The extended reporting period preserves coverage for a given policy period, and maintains it for future claims arising out of that period because other insurance will not apply. Comparison of the Extended Reporting Periods (ERPs) Mini-Tail (Basic ERP) Midi-Tail (Basic 5-Year ERP) Maxi-Tail (Supplemental ERP) Automatic Yes Yes Right to Purchase Cost Included Included Premium up to 200% New Aggregates No No Yes Time Limitation 60 Days Five Years No Commercial General Liability (CGL) Coverage A, BI and PD...the insuring agreement states that the insurer agrees to pay all sums up to the limits of insurance written that the insured becomes legally obligated to pay to a third party, because of bodily injury or property damage to which the insurance policy applies. It includes a duty to defend. Coverage "B," Personal Injury and Advertising Injury Personal Injury is injury to a person other than bodily injury. The following are examples of personal injury: slander (verbal), libel (written), invasion of privacy, false arrest, malicious prosecution, wrongful entry, or wrongful eviction. o Employment Practices Liability Insurance (EPLI) is a relatively new form of liability insurance. It provides personal injury protection for an employer against claims made by employees, former employees, or potential employees. It covers discrimination (age, sex, race, disability, etc.), wrongful termination, sexual harassment, and other employment-related allegations which are usually excluded from Personal Injury, Coverage "B". Advertising Injury is personal injury caused by advertising and also such things as copyright infringement or stealing someone's advertising idea.
10 Coverage "C," Medical Payments, covers medical expenses without regard to fault when an accident arises out of the insured's operations or occurs on or next to the insured's premises. The insured DOES NOT have to be at fault for this coverage to pay. The coverage applies to reasonable expenses for first aid administered at the time of an accident, necessary medical, surgical, x-ray and dental services resulting from the accidental injuries, necessary ambulance, hospital and professional nursing services, and funeral services if death results from the injuries. The accident must occur during the policy period and expenses must be reported within one year from the date of the accident. Injuries to an insured, a tenant or an employee of the insured are NOT covered.
11 Supplementary Payments...In addition to payments made under Coverages "A" and "B," the insurer will also pay the following, without a reduction in the policy limits: Reasonable expenses incurred by the insured to assist in defending the claim, including $250/day for lost income. Up to $250 for bail bonds, and the cost of bonds to release attachments. All costs levied against the insured in the suit, including but not limited to pre-judgment and post-judgment interest. Expenses incurred by the insurance company to defend the insured. Who Is Insured? In a sole proprietorship, you and your spouse while conducting business. In a partnership, members, partners and their spouses, while conducting business. In an organization other than a partnership, you, your executive officers and directors with respect to their duties as officers and directors and your stockholders with respect to their liability as stockholders. Employees, while acting within the scope of their employment.
12 CGL Provisions/Limits - The CGL provisions below come with the CGL policy; however, they may be removed by endorsement: The General Aggregate Limit is the most the insurer will pay for the sum of Coverages A, B and C, other than for damages from the products and completed operations hazard. There is a separate Products and Completed Operations Aggregate Limit. Amounts paid for this hazard do not apply toward the General Aggregate Limit. Once amounts paid for the products and completed operations hazards reach the limit, there is no more coverage, even if claims paid have not yet reached the General Aggregate Limit. The Personal and Advertising Injury Limit is the most the insurer will pay under Coverage "B," even if the General Aggregate Limit has not yet been reached. Once the general aggregate is reached, no more coverage is available. The Each Occurrence Limit is the most the insurer will pay for the sum of Coverages A and C for damages arising out of any one occurrence. This limit is subject to either the General Aggregate or the Products & Completed Operations limits. The Fire Damage Limit is the most the insurer will pay for property damage liability on rented premises as the result of any one fire. This limit is subject to the Occurrence Limit. The Medical Expense Limit (Coverage "C") is the most the insurer will pay for any one person's bodily injuries but is subject to the Occurrence Limit. This is no fault coverage. Illustration of the CGL Limits GENERAL AGGREGATE LIMIT PRODUCTS AND COMPLETED OPERATIONS AGGREGATE LIMIT Coverage B Personal & Advertising Injury (Sub limit) Each Occurrence Coverage A & C (Sub limit) Each Occurrence Coverage A & C (Sub limit) Fire Damage (Sub limit) Medical Expense (Sub limit)
13 CGL Provision Limits Example Al's Boat Company purchases a commercial package policy from you, with CGL coverages. Policy Period = January 1st to December 31st. CGL Policy Limits Purchased: 1. General Aggregate $300, Products & Completed $200,000 Operations Aggregate 3. Personal Injury & Advertising $ 40, Each Occurrence Limit $100, Medical Expense Limit $ 10, Fire Damage Limit $ 50,000 The following claims happened: $ Paid By Ins. Co. Accumulation of Claim Payments In January, Al's fire damage causes $112,000 to 3rd party. Al loses suit. In March, Al's advertising injury owes $55,000. In April, customer A was injured in Al s office, incurs $10,000 in medical expenses. A sues and wins a judgment of $95,000 for those injuries. In May, Company X sues Al's and wins $135,000 for property damage. In July, Company Y sues Al's and wins BI claim for $25,000 (remember the policy's General Aggregate Limit). In September, customer Z sues Al's when injured by equipment made by Al's, $150,000 judgment (remember there are two separate aggregate limits). Products & Comp. has its own aggregate of $200,000. Al's policy renews and he is quickly sued for Bodily Injury (BI) of $25,000. $50,000 $50,000 $40,000 $90,000 $100,000 $190,000 $100,000 $290,000 $10,000 $300,000 $100,000 $400,000 $25,000 $25,000
Chapter Three - Overview of the CGL Coverage Form We turn now to a brief overview of the CGL coverage form. ISO has actually developed two different CGL coverage forms the Occurrence form, and the Claims-made
POLICY NUMBER: COMMERCIAL AUTO CA 25 34 12 05 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. "Insurance Services Office, Inc. Copyright" This form has been promulgated by the Virginia State
INTERGOVERNMENTAL RISK MANAGEMENT AGENCY CERTIFICATE OF INSURANCE: WHAT YOU SHOULD KNOW PURPOSE: To assist individuals with reviewing and evaluation a Certificate of Insurance provided by outside entities
Commercial General Liability Insurance (Lecture 9) I. Policy structure Overview of Lecture 9 (chapters 3 and 4 CPCU 4) II. Coverages A. Coverage A: BI and PD liability B. Coverage B: Personal injury and
Brochure More information from http://www.researchandmarkets.com/reports/1413753/ Commercial General Liability Coverage Guide, 8th Edition Description: Let the Industry's most renowned CGL experts take
LMCIT Service Contract Insurance Recommendations The type and amount of insurance should be determined on a case-by case basis dependent upon various factors such as the scope of work and the potential
COMMERCIAL GENERAL LIABILITY CG 00 65 12 04 ELECTRONIC DATA LIABILITY COVERAGE FORM SECTION I THIS FORM PROVIDES CLAIMS-MADE COVERAGE PLEASE READ THE ENTIRE FORM CAREFULLY Various provisions in this policy
EMPLOYEE BENEFITS LIABILITY COVERAGE FORM THIS FORM PROVIDES CLAIMS MADE COVERAGE. PLEASE READ THE ENTIRE FORM CAREFULLY. Various provisions in this policy restrict coverage. Read the entire policy carefully
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY PRINTERS ERRORS AND OMISSIONS LIABILITY COVERAGE This endorsement modifies insurance provided under the following: BUSINESSOWNERS LIABILITY
General Liability Insurance Insurance Company: Alberta School Boards Insurance Exchange (ASBIE) Insuring Agreement ASBIE agrees to pay on behalf of the Subscriber all sums that they are legally obligated
COMMERCIAL GENERAL LIABILITY CG 00 34 12 07 LIQUOR LIABILITY COVERAGE FORM THIS FORM PROVIDES CLAIMS-MADE COVERAGE. PLEASE READ THE ENTIRE FORM CAREFULLY. Various provisions in this policy restrict coverage.
II. INSURANCE RECAP Entertainment & Sports Insurance Experts, Inc. 2727 Paces Ferry Road Building Two, Suite 1500 Atlanta, GA 30339 Phone: 678-324-3300 Fax: 678-324-3303 # # # #!$%&'(&)&*&)+,+-& (.&/0*0/01(2)'1/&/,1+)'/+(*,)3&+'0%(,1/,4&)'5&6/,130+0,1('13&7/%2(0,1(8!
INSURANCE PROGRAM USA Volleyball administers a medical and liability insurance program customized specifically for the sport of volleyball. It is designed to respond specifically to the inherent hazards
Getting to know COMMERCIAL LIABILITY INSURANCE Presented by: Northeast Agencies, Inc. June 2008 1 Business Liability Coverage Provides Liability coverage for business operations if a claim arises due to
Insurance Coverage: The Commercial General Liability Policy An overview of the backbone of avionics business protection. What is available and how you can control the cost of it. Please understand what
INSURANCE COVERAGE AND TEMPORARY STAFFING Todd M. Raskin, Esq. Amy S. Thomas, Esq. Mazanec, Raskin & Ryder Co. LPA April 2011 In today s economic climate, the last thing any business wants to hear is that
6 Commercial General Liability Insurance I. Overview 6.1 Mark D. Willmarth Deborah A. Hebert II. What Is a CGL Policy? A. Scope of a CGL Policy 6.2 B. Parts of a CGL Policy 6.3 III. The CGL Insuring Agreements
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. GENERAL LIABILITY BROADENING ENDORSEMENT This endorsement modifies the insurance provided under the following: COMMERCIAL GENERAL LIABILITY
Insurance basics for nonprofit organizations Updated: July 2012 This document is intended as general and abbreviated guidance for nonprofit organizations. Because every organization s insurance needs are
Commercial General Liability Coverage Various provisions in this policy restrict coverage. Read the entire policy carefully to determine rights, duties and what is and is not covered. Throughout this policy
COMMERCIAL PROFESSIONAL LIABILITY COVERAGE FORM Various provisions in this policy restrict coverage. Read the entire policy carefully to determine rights, duties and what is and is not covered. Throughout
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. GENERAL LIABILITY DELUXE ENDORSEMENT: INTEGRATED TECHNOLOGY This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL
Covenants to Insure in Commercial Agreements A Review of the CGL Policy In House Training Seminar Presented by Satinder K. Sidhu March 8, 2013 Introduction & Overview Examples of Covenants to Insure in
Property & Casualty Division Most Commonly Used Property and Casualty Glossary of Terms Accounts Receivable Coverage - pays for the cost of replacing or restoring your accounts receivable records if they're
Understanding Your DesignOne Coverage: Commercial General Liability Insurance An educational resource from CNA and Schinnerer CGL insurance is an important coverage for any business. Understanding this
Insurance 101 He that scatters thorns, let him not go barefoot -Benjamin Franklin Presented by The McLaughlin Company 1725 DeSales Street, N. W. Suite 900 Washington, D. C. 20036 (202) 293-5566 (800) 233-2258
Junior Volleyball Association Insurance Review The Junior Volleyball Association (JVA) offers a medical and liability insurance program specifically for the participants of JVA volleyball. It is designed
COVERAGES A AND B PROVIDE CLAIMS-MADE COVERAGE PLEASE READ THE ENTIRE FORM CAREFULLY COMMERCIAL GENERAL LIABILITY CG 00 02 12 04 COMMERCIAL GENERAL LIABILITY COVERAGE FORM Various provisions in this policy
COMMERCIAL GENERAL LIABILITY UI GL 39 04 14 COMMERCIAL GENERAL LIABILITY ENHANCEMENT ENDORSEMENT The Commercial General Liability Enhancement Endorsement is an optional endorsement that provides coverage
Chapter 14 Commercial Liability Insurance Coverages Overview Property risks have a common characteristic the amount of the loss is capped by the value of the property lost and any indirect loss. Unlike
HEALTHCARE PROVIDERS WORKPLACE LIABILITY COVERAGE PART OCCURRENCE THIS IS AN OCCURRENCE COVERAGE PART AND, SUBJECT TO ITS PROVISIONS, APPLIES ONLY TO ANY CLAIM WHICH IS THE RESULT OF INJURY OR DAMAGE THAT
Products / Completed Operations Liability Coverage Form THIS INSURANCE PROVIDES CLAIMS MADE COVERAGE PLEASE READ THE ENTIRE FORM CAREFULLY. Various provisions in this policy restrict coverage. Read the
A Stock Insurance Company, herein called the Company PUBLIC ENTITY POLICY LAW ENFORCEMENT LIABILITY COVERAGE FORM OCCURRENCE COVERAGE Various provisions in this policy restrict coverage. Please read the
FREQUENTLY ASKED ACCIDENT AND LIABILITY INSURANCE QUESTIONS 6300 Ridglea Place, Suite 614 Fort Worth, Texas 76116 (817) 738-6100 FAX (817) 738-2993 www.pullenins.com GENERAL QUESTIONS WHO IS COVERED? 1.
Your Exam Content Outline The following outline describes the content of one of the Wisconsin insurance examinations. The outlines are the basis of the examinations. The examination will contain questions
POLICY NUMBER: COMMERCIAL GENERAL LIABILITY CG DS 01 10 01 COMMERCIAL GENERAL LIABILITY DECLARATIONS COMPANY NAME AREA PRODUCER NAME AREA NAMED INSURED: MAILING ADDRESS: POLICY PERIOD: FROM TO AT 12:01
POLICY NUMBER: CL CG 04 57 07 09 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EMPLOYMENT-RELATED PRACTICES LIABILITY ENDORSEMENT This endorsement modifies insurance provided under the
Directors & Officers Liability Insurance Q&A Session: Enhancements to make this coverage work for you US Youth Soccer Workshop St. Louis, MO March 3, 2007 Presented by: John Spiotta Bollinger, Inc. Tony
Administrative Offices 301 E 4th Street Cincinnati OH 45202-4201 513 369 5000 ph AVIATION GENERAL LIABILITY COVERAGE FORM Various provisions in this policy restrict coverage. Read the entire policy carefully
Save As UCIP COVERAGE SUMMARY EXHIBIT 1A THE REGENTS OF THE UNIVERSITY OF CALIFORNIA UNIVERSITY CONTROLLED INSURANCE PROGRAM (UCIP) This Exhibit summarizes the UCIP Commercial General Liability, Workers
"P" INSURANCE CONDITIONS P_insur_conditions.pdf Issued on May 7, 2013 I N D E X PART I GENERAL INSURANCE CONDITIONS (GIC)... 3 GIC 2 CONSULTANT... 3 GIC 3 INSURANCE PROCEEDS... 4 GIC 4 CONSULTANTS RESPONSIBILITY
COMMERCIAL EXCESS LIABILITY POLICY DECLARATIONS Policy No. Renewal 1. NAMED INSURED AND MAILING ADDRESS 2. POLICY PERIOD From To 12:01 A.M. standard time at your mailing address shown above. : 3. LIMITS
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies insurance provided under the COMMERCIAL GENERAL LIABILITY COVERAGE PART SUMMARY 1. Additional Insured by Contract,
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. LIABILITY COVERAGE ENHANCEMENT General Liability Fire and Water Legal Liability Personal Liability This endorsement modifies the insurance
ONYX BUSINESS AUTO POLICY COVERAGE Various provisions in this policy restrict overage Read the entire policy carefully to determine rights, duties and what is and is not covered. Throughout this policy
NATIONAL PANHELLENIC CONFERENCE, INC. Summary of Insurance Coverages for College and Alumnae Panhellenic Associations June 1, 2015 June 1, 2016 Insurance Program Presented By: MJ INSURANCE Sorority Division
Providing group personal excess liability insurance to a unique group of professionals Group Personal Excess Liability Insurance W ith the number of personal lawsuits growing at an alarming rate, professionals
1211 West 22nd Street, Suite 900 Oak Brook, Illinois 60523-3384 USA T: (630) 928-1400 F: (630) 928-1559 www.zonta.org GENERAL LIABILITY INSURANCE for ZONTA CLUBS in the United States and Canada Following
INSURANCE FOR SMALL BUSINESS Valley Insurance Services, LLC Lisa Sindorf & Khrista Huntley Made In Alaska March 10, 2011 Liability Insurance Automotive (including trailers) Check with your agent to see
Commercial General Liability Insurance ClaimsMade Form (Chapters 3, 4 & 5 Section 2) Overview of Chapters 3, 4 & 5 Section 2 I. Occurrence vs. ClaimsMade Form A. Occurrence form B. Claimsmade form C. Advantages
Chapter One Introduction to Commercial General Liability Introduction This course will cover a liability risk which all businesses face, called commercial general liability, or CGL exposure. After giving
#3 Small Indep Contractor Agreement with Ins Optional, for use with small agreements less than $15k [e.g., entertainment, 4 th of July projects, sports] CITY OF LEAWOOD Independent Contractor Agreement
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. STOP GAP EMPLOYERS LIABILITY COVERAGE This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE
Session 1B: Insurance, What you do not know can hurt you! Notes: June 10, 2015 Session 1B page 1 Session 1B: Insurance, What you do not know can hurt you! Notes: June 10, 2015 Session 1B page 2 June 10,
COMMERCIAL GENERAL LIABILITY CG 00 02 12 07 COMMERCIAL GENERAL LIABILITY COVERAGE FORM COVERAGES A AND B PROVIDE CLAIMS-MADE COVERAGE PLEASE READ THE ENTIRE FORM CAREFULLY Various provisions in this policy
How the Limits Apply in the CGL July 2004 All insurance professionals need to understand how the limits of liability apply in the commercial general liability policy. Whether providing advice to a policyholder
Garage Liability Policy 8 0 0. 8 3 3. 3 4 2 7 w w w. c o n s t i t u t i o n a l. c o m GARAGE LIABILITY COVERAGE FORM TC-11 QUICK REFERENCE (Ed. 01-06) DECLARATIONS PAGE Name of Insurance Company Policy
COMMERCIAL GENERAL LIABILITY CG 00 38 12 07 PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE FORM THIS INSURANCE PROVIDES CLAIMS-MADE COVERAGE. PLEASE READ THE ENTIRE FORM CAREFULLY. Various provisions
Querrey Harrow When Results Count. SM www.querrey.com Copyright 2005 Querrey & Harrow, Ltd. All Rights Reserved. ARCHITECTS AND ENGINEERS PROFESSIONAL LIABILITY INSURANCE By Bruce H. Schoumacher Architects
2010 ISO Monday Web Seminar Commercial General Liability Coverage Forms: More Than Just the CGL Today s Presentation Ron Beiderman Manager General Liability ISO Today s Presentation William Mauro Assistant
Liability Insurance Table Of Contents Section Page No. Coverages Coverage 1 Premises/Operations (1A) 4 Incidental Watercraft (1B) 4 Specific Property Of Others-Care, Control Or Custody (1C) 4 Damage To
This Form Provides Claims-Made Coverage. Please Read The Entire Form Completely. MISCELLANEOUS PROFESSIONAL LIABILITY COVERAGE FORM CLAIMS MADE AND REPORTED BASIS Throughout this document, the word Insured
Homeowners Audio (Part #3) Liability Insurance Welcome to the Insurance University audio series. The topic of this presentation is Homeowners Insurance. This is part three in the series. Part one discussed
Your Exam Content Outline The following outline describes the content of one of the Arizona insurance examinations. The outlines are the basis of the examinations. The examination will contain questions
CONTACT: E-MAIL ADDRESS: FOR COMPANY USE ONLY CONTRACTORS PRODUCER TELEPHONE: FAX: SUB- PRODUCER TELEPHONE: FAX: NAME: NAME: ADDRESS: ADDRESS: CITY: CITY: STATE: ZIP CODE: STATE: ZIP CODE: PROPOSED EFFECTIVE
Vertex Wealth Management, LLC Michael J. Aluotto, CRPC President Private Wealth Manager 1325 Franklin Ave., Ste. 335 Garden City, NY 11530 516-294-8200 email@example.com Personal Liability Insurance
Business Insurance Terminology Knowledge Is Power To understand your business policy, it is helpful to have a grasp of basic insurance terms. As a Trusted Choice, independent insurance agency, we are dedicated
EXHIBIT Insurance Requirements Subject to approval by the City's Risk Manager of the insurers and policy forms, and further subject to HUD's rights under the HUD Documents during the term of the HUD Documents,
COMMERCIAL GENERAL LIABILITY COVERAGE FORM CLAIMS-MADE THIS INSURANCE PROVIDES CLAIMS-MADE COVERAGE. DEFENCE EXPENSES ARE PAYABLE WITHIN, AND ARE NOT IN ADDITION TO, THE LIMITS OF INSURANCE. PAYMENT OF
INSURANCE OVERVIEW Presented by The McLaughlin Company Is the Liability Loss Covered? Was policy in effect for responsible party? Does the allegation trigger coverage? Is the entity that is being asked
Product Liability Insurance Proposal Form Notes: Statement pursuant to Section 25(5) of the Insurance Act (Cap 142) or any amendments thereof: you are to disclose in the application, fully and faithfully,
IIT Office of General Counsel Education Program Insurance and Risk Management Risk Management Mary Anne Smith Risk Management Risk management can be defined as evaluating and managing liability for accidental
EDUCATORS LEGAL LIABILITY COVERAGE PART DECLARATIONS (Claims Made Form) Policy No. NAMED INSURED: ITEM 1: POLICY PERIOD: POLICY COVERS FROM: TO: 12:01 A.M. standard time at your mailing address shown above.
PHILADELPHIA REDEVELOPMENT AUTHORITY INSURANCE REQUIREMENTS The individual or entity seeking to enter into a contract with the Philadelphia Redevelopment Authority or who is entering into a contract with
ABCDEFGHIJ COMMERCIAL GENERAL LIABILITY COVERAGE FORM THIS IS A CLAIMS MADE COVERAGE PART. PLEASE READ ALL PROVISIONS AND CONTACT YOUR AGENT IF YOU HAVE QUESTIONS. YOUR COVERAGE PART APPLIES ONLY TO BODILY
AMENDATORY ENDORSEMENT NORTH CAROLINA PERSONAL AUTO POLICY This Endorsement amends the Policy as follows: I. DEFINITIONS The Definitions Section is amended as follows: A. The third paragraph is replaced