5 Questions
Under which liability policy may an insured require the insurer to defend a claim?
General liability
What type of commercial general liability (CGL) policy allows the insured to request claim and occurrence information from the insurer?
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?
Within 60 days
What is the purpose of the limited theft endorsement?
To provide coverage for specified types of theft
Why might an insured give up the right to require the insurer to defend a claim?
To receive a significant premium discount
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.
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.
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