Commercial Casualty I & II – CISR Q&A Exam Bundle

Types of Negligence duties owed, breach of that duty, damages and proximate cause Types of legal liability & how they can be created Torts, Statutory and Contractual Insured Contract: LEASE+ Lease of Premises, Easement/License Agreement, An obligation required by ordinance, Sidetrack agreement...

What is the purpose of interline endorsements in commercial package policies? eliminate redundancy and minimize endorsements what is the purpose of employers liability insurance protects insured from situations not covered under work men comp law What type of perils are covered by the Advertis...

Premises Liability Arises out of injury or property damage because of the ownership, maintenance, or use of specific location. Operations Liability Arises out of exposures that typically occur away from the premises of the business. Products Liability Caused by defects in product design, manuf...

3 Main Coverage Parts in the CGL Coverage Form, each with its own insuring agreement and exclusions. 1. Coverage A, 2. Coverage B, 3. Coverage C Coverage A in the CGL Bodily Injury and Property Damage LIABILITY - protection for injuries and damage arising out of insured's legal liability to ot...

Commercial Package Policy Common Policy declarations and Common Policy Conditions form which apply to the entire policy regardless of types of coverage written 4 Components of Commercial Package Policy (CPP) Common Policy Declarations Page; Common Policy Conditions; Interline Endorsements; Covera...

5 Parts that make up the Business Auto Policy 1. Common Policy Declarations 2. Common Policy Conditions 3. Business Auto Declarations 4. Business Auto Coverage Forms 5. Endorsements The Business Auto Coverage Form Designed to provide coverage for most Business Risks (Including auto service an...

Legal Liability a responsibility or obligation to others, which the courts recognize and enforce Types of Legal Liability: Tort Liability Statutory Liability Contractual Liability Tort Liability a civil legal wrong against another for which the courts often assess monetary damages against th...

Accident An event or continuous or repeated exposure to the same conditions resulting in bodily injury or property damage. Auto A land motor vehicle; trailer or semi trailer designed for travel on public roads; or any other land vehicle that is subject to a compulsory or financial responsibility ...

Accident An event or continuous or repeated exposure to the same conditions resulting in bodily injury or property damage. Auto A land motor vehicle; trailer or semi trailer designed for travel on public roads; or any other land vehicle that is subject to a compulsory or financial responsibility ...

Two weeks after repairing a water leak, the pipe joint separates due to poor workmanship, causing property damage to a customer's house. This is an example of: completed operations exposure Which of the following is true about punitive damages? since punitive damages punish a wrongdoer, states c...

Give the 2 reasons why a named Insured adds another person or organization as an addt'l Insd Close or business (contractual) relationship What are the three categories of legal liability? Tort, Statutory, & Contractual Tort Liability a wrongful action or omission that harms a person or busine...

What are the two promises the insurer makes? 1. Indemnity 2.Defense A Commercial General Liability Policy may be written as a 1. Monoline Policy 2. Multi-Line Policy 6 different forms of business 1. Individual 2. Partnership 3. Joint Venture 4. Trust 5. Limited Liability Company 6. Orga...

In BAP what does liability section provide protection from claims for? Bodily Injury and Property Damage for which insured is legally responsible for. In BAP physical damage section what type of protection? provides coverage for damage to or loss of an insured's covered auto. What other BAP c...