Commercial Liability Insurance Quiz

What does liability insurance provide protection against?

• Property damage

• Injury to insureds

• Damage to insureds

• Injury or damage to a third party

What does general liability refer to?

• Legal liability for employee injuries

• Legal liability for automobile accidents

• Legal liability for aviation accidents

• Legal liability for business operations

What does the CGL policy typically cover?

• Bodily injury only

• Property damage only

• Both bodily injury and property damage

• Environmental liability

What is the main coverage area of aircraft insurance?

• Hull insurance

• Liability coverages

• All of the above

• Medical Expense coverage

What is the purpose of a Commercial Umbrella policy?

• To provide primary coverage for liability insurance

• To provide wider coverage and increase the limit of liability insurance

• To cover specific liability policies

• To cover property losses

What is the purpose of Excess liability policies?

• To cover specific liability policies

• To provide wider coverage and increase the limit of liability insurance

• To provide primary coverage for liability insurance

• To cover property losses

What does Cyber Liability Insurance typically cover?

• Fines and penalties owed as a result of a breach

• Property coverage only

• Liability arising from a data breach

• All of the above

What does Errors and Omissions insurance cover?

• All of the above

• Bodily injury liability

• Property damage for a third party

• Mistakes made by an insured in their special skill or profession

What does Directors' and Officers' Liability (D&O) cover?

• Bad decisions made by directors and officers

• Property damage for a third party

• Environmental liability

• Bodily injury liability

What is the purpose of Wrap up liability insurance?

• To cover one specific project of construction

• To cover property losses

• To cover all contractors and sub trades under one policy

• To cover all liability exposures for an organization