COMMERCIAL GENERAL LIABILITY INSURANCE

Front

COMMERCIAL GENERAL LIABILITY (CGL)

Back

provides protection from business operations for individuals, partnerships, or entities (LLC or Corp.)-can be monoline or added to CPP

Front

NEGLIGENCE

Back

failure to act/not act in reasonable manner that leads to another party's damages

Front

BUSINESS CAN BE DETERMINED TO CAUSE BI OR PROP DAMAGE:

Back

negligence

absolute liability

strict liability

vicarious liability

Front

4 ELEMENTS OF NEGLIGENCE

Back

legal duty owed

breach of duty (action/inaction)

breach was proximate cause of damage

actual damages

Front

ABSOLUTE LIABILITY

Back

inherently dangerous (pool, exotic animal)

Front

STRICT LIABILITY

Back

faulty product (warning label or liable)

Front

VICARIOUS LIABILITY

Back

someone/something responsible for commits a wrong (kid, animal, employee)

Front

COMPENSATORY DAMAGES

Back

responsible party pays when found responsible for property damage or BI-2 kinds-special and general

Front

SPECIAL DAMAGES

Back

easy to assign a dollar amount-medical bills, lost wages, property damage

Front

GENERAL DAMAGES

Back

pain & suffering (court determines)