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Questions and Answers
Under which liability policy may an insured require the insurer to defend a claim?
Under which liability policy may an insured require the insurer to defend a claim?
What type of commercial general liability (CGL) policy allows the insured to request claim and occurrence information from the insurer?
What type of commercial general liability (CGL) policy allows the insured to request claim and occurrence information from the insurer?
What is the time frame within which the insurer must provide claim and occurrence information to the insured under a claims-made CGL policy?
What is the time frame within which the insurer must provide claim and occurrence information to the insured under a claims-made CGL policy?
What is the purpose of the limited theft endorsement?
What is the purpose of the limited theft endorsement?
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Why might an insured give up the right to require the insurer to defend a claim?
Why might an insured give up the right to require the insurer to defend a claim?
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Study Notes
Liability Policy Provisions
- An insured may require the insurer to defend a claim under a duty to defend liability policy.
Commercial General Liability (CGL) Policy
- The claims-made CGL policy allows the insured to request claim and occurrence information from the insurer.
Claims-Made CGL Policy
- The insurer must provide claim and occurrence information to the insured within 30 days under a claims-made CGL policy.
Limited Theft Endorsement
- The limited theft endorsement is designed to provide coverage for theft by employees.
Defense of Claims
- An insured might give up the right to require the insurer to defend a claim in exchange for lower premiums or to avoid conflicts with the insurer.
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Description
Test your knowledge of liability insurance policies with this quiz. Determine which policy allows an insured to require the insurer to defend a claim and understand the importance of coverage in different liability scenarios.
