Commercial Casualty -CIC Exam Questions and Complete Solutions Graded A+.
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Course
CIC Commercial Casualty Institute
Institution
CIC Commercial Casualty Institute
Liability exposures under coverage A of CGL Policy- BI & PD - Answer: Premises
Operations
Products
Completed Operations
Contractual
Contingent
Liability exposures under coverage B of CGL Policy - Personal & adv. Injury - Answer: Operations
Contingent
Liability exposures under cove...
,Liability exposures under coverage A of CGL Policy- BI & PD - Answer: Premises
Operations
Products
Completed Operations
Contractual
Contingent
Liability exposures under coverage B of CGL Policy - Personal & adv. Injury - Answer: Operations
Contingent
Liability exposures under coverage C of CGL Policy - Medical Payments - Answer: Premises
Operations
Premises Liability applies to who? - Answer: Owners, landlords, & tenants & arises out of the
ownership, maintenance/use of the named insured's premises.
What endorsement limits coverage to designated premises, project or operations? - Answer: Limitation
to designated premises, project or operations form
What is Business Operations Liability? - Answer: Liability arises from activities involved in the operation
of an organization including service & repair activities usually done on the premises of others, while the
activity is being conducted.
What is products liability? - Answer: Arises out of the sale, distribution or manufacture
Products-completed operations hazard liability includes what? - Answer: Coverage for BI & PD that
occurs away from premises you own/rent & arising out of your product or your work.
What are the 2 exceptions for coverage w/ products & completed ops? - Answer: 1) Products that are
still in your physical possession OR
2) Work that has not yet been completed or abandoned
, W/ products & completed ops, when is your work considered completed? - Answer: The earliest of
these:
1) When all the work called for in your contract has been completed.
2)When all of the work to be done at the jobsite has been completed if your contract calls for work at
more than one jobsite.
3)When work done at a jobsite has been put to its intended use by any person or organization other
then the contractor or subs working on it.
-Work that may need service, maintenance, correction, repair or replacement but which is otherwise
complete will be treated as completed.
What form can add coverage for products & completed ops for coverage on premises? - Answer:
Products/completed operations hazard redefined
Products/completed operations hazard redefined provides coverage for what? - Answer: BI or PD
arising out of your products manufactured, sold, handled or distributed....
1) on, from or in connection with the use of any premises described in the scheduled OR
2)In connection with the conduct of any operations described in the schedule, when conducted by you
or on your behalf, includes all BI & PD that arises out of your products if the BI & PD occurs after you
have relinquished possession of those products.
What is Completed operations liability? - Answer: Liability arises from activities in the operation of an
organization including service & repair activities usually done on the premises of others, after the
activity has been concluded.
What does the Exclusion for Designated Products exclude? - Answer: No BI/PD coverage arising out of
the named insured's products indicated in the endorsement schedule (allows you to laser out coverage
for products you want to exclude)
Contractual liability? - Answer: Arises from one party assuming responsibility of another party.
Contingent liability? - Answer: Arises out of work performed from the named insured by someone else.
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