Commercial General Liability Flashcard

Commercial General Liability insurance primarily covers claims for which businesses may become legally liable, protecting Benjamin from lawsuits related to bodily injury, property damage, and personal injury.

Employee Theft is not covered by Commercial General Liability insurance, which typically protects against risks like Premises and Operations, Products and Completed Operations, and liabilities related to Independent Contractors.

The premium for premises liability insurance is primarily based on the size of the premises and public accessibility, as larger and more accessible properties pose greater risks for accidents and liabilities.

Coverage A under Commercial General Liability covers bodily injury and property damage, protecting Mia if a customer is injured on her property or if she damages someone else's property.

Products liability covers bodily injury or property damage caused by a product, making it applicable in this case where Luna's malfunctioning blender caused injury to a customer.

Coverage B under Commercial General Liability primarily focuses on personal injury and advertising injury liability, protecting against claims of defamation, invasion of privacy, and similar offenses.

A contract for lease of premises is considered an insured contract under a Commercial General Liability policy, as it typically includes liability coverage for injuries occurring on the leased property.

Operations liability coverage is designed to protect against bodily injury or property damage that occurs as a result of business operations, making it applicable in this situation where a passerby is injured.

The 'Occurrence form' refers to coverage for incidents that occur during the policy period, regardless of when the claim is filed. This ensures Kai is protected for events happening within the policy timeframe.

The premium for products liability insurance is primarily determined by gross annual sales, as it reflects the potential risk and exposure associated with the volume of products manufactured and sold.