Safeguarding Your Business: General Liability Insurance

Protecting Businesses from Uncertain Risk

$8.00 + your state filing fee
4 Credit Hours

This course favors P&C insurance agents but is applied as general credit for all agents.

COURSE DIFFICULTY

BASIC
This course covers the following topics:
  • Examine all the components of the commercial general liability policy
  • Discuss how and when this very important insurance product is used
  • A closer look at the two different types of forms used to write this insurance and the differences between them

Summary

The forms that make up the commercial general liability policy cover a broad variety of risks for a wide number of commercial businesses and enterprises. The breadth of the coverage is dictated by the enormous number of bodily injury and property damage liability exposures faced by businesses in this country. Because this policy provides broad coverage, it means that individual businesses do not have to try and choose specific hazards to insure against, which potentially creates gaps in coverage. The downside is that it also makes the forms quite complex. By the end of this course, students should be well versed in all the components of the commercial general liability policy and have a strong understanding of how and when this very important insurance product is used. The student will also understand the two different types of forms used to write this insurance and the differences between them.

Outline

1. Introduction

  • 1.1 Purpose of the Course
  • 1.2 Definitions
  • 1.3 Two Types of Law
  • 1.4 Property Owner Responsibility
  • 1.5 Parties Involved
  • 1.6 Liability Exposures
  • 1.7 Summary
  • Chapter 1 Quiz

2. The Commercial General Liability Policy: An Introduction

  • 2.1 The Declarations Page
  • 2.2 Policy Conditions
  • 2.3 Coverage Forms
  • 2.4 Summary
  • Chapter 2 Quiz

3. The Coverages

  • 3.1 Coverage A – Bodily Injury and Property Damage Liability
  • 3.2 Coverage A – Features Applicable to the Claims Made Form Only
  • 3.3 Coverage A – Exclusions
  • 3.4 Coverage B – Personal and Advertising Injury Liability
  • 3.5 Coverage B – Features Applicable to the Claims Made Form Only
  • 3.6 Coverage B – Exclusions
  • 3.7 Coverage C – Medical Payments
  • 3.8 Coverage C – Exclusions
  • 3.9 Coverage A and B – Supplementary Payments
  • 3.10 Summary
  • Chapter 3 Quiz

4. Insured Designation, Limits and Conditions

  • 4.1 Who Is an Insured?
  • 4.2 Insurance Limits
  • 4.3 Conditions of Commercial General Liability Policies
  • 4.4 Extended Reporting Periods – Claims Made Form Only
  • 4.5 Summary
  • Chapter 4 Quiz

5. Endorsements

  • 5.1 Endorsements that Add Coverages
  • 5.2 Endorsements that Exclude Coverage

6. Conclusion

  • 6.1 Conclusion

Final Exam

  • Final Exam

FAQ

Q: What should I expect from this online course?

A: We use a unique system to help you learn the material easily. Our online courses present you with information in large type that is easy to read. We highlight key items in gray and quiz you after each chapter to make sure you are learning critical information. You may review the material as much as you want before taking your required online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.

Q: Can I print my online course materials and test questions?

A: According to the state authority, it is not permissible to print or download any course material or exam questions. However, you are free to access all online courses from our website anytime.

Q: How long does it take to complete an online course?

A: The time required to complete an online course varies from student to student, but it roughly approximates the number of credit hours awarded for the course. You must pass an online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.