3 coverage levels for garage keepers liability - ANSWER-1. Legal liability
2. Direct excess
3. Direct primary
3 sections for garage keepers liability - ANSWER-1. Liability
2. Garage keepers
3. Physical damage
3 Types of Torts - ANSWER-1. Negligence
2. Intentional torts
3. Strict liability
4 Elements of Negligence - ANSWER-1. Legal duty owed
2. Legal duty breached
3. Actual damages resulted
4. Proximate/close connection between defendant's actions and the plaintiff's injuries
Actual cash value - ANSWER-Original cost - depreciation
Advertising injury - ANSWER-Refers to "Copycat" advertising, not false advertising
Are employees covered while operating their own vehicles on company business? -
ANSWER-No
Auto medical payments - ANSWER-Medical expense reimbursement for insureds
injured in auto accident
Auto or CGL?: Damage caused by the truck being operated as a vehicle - ANSWER-
Auto
Auto or CGL?: damage caused by the use of the mobile equipment - ANSWER-CGL
Auto or CGL?: piece of mobile equipment or cargo is being hauled by a truck and it falls
off the truck - ANSWER-Auto
Basic extended reporting period - ANSWER-Applies automatically without additional
charge
60 days after the end of the policy to report possible claim incidents
Five years given for incidents to become claims
, CGL Will pay for bodily injury or property damage caused by the use of vehicles,
Aircraft, watercraft if: - ANSWER-- use of a non-owned watercraft less than 26 feet in
length
- injury or damage caused by valet parking services on your property
Claims made policy - ANSWER-Occurs when a claim is made or filed
Completed operations liability - ANSWER-the legal responsibility of a contractor,
repairer, or other entity for bodily injury or property damage arising out of the entity's
completed work
Contractual liability - ANSWER-Company agrees to pay for the negligent act of another
party
Assumed through Hold harmless
Contractual liability exclusion - ANSWER-Gives the insured coverage for assuming
responsibility for another person's negligence that results in bodily injury or property
damage
Coverage C (medical payment) does not apply to: - ANSWER-- your workers or anyone
normally at your location (e.g. tenant)
- your contractors
- Athletic events
- products and completed operations exposures
- any injury otherwise excluded by the CGL policy
Coverage territory - ANSWER-The United States, its territories, Puerto Rico, Canada
Defense Against Negligence Claims - ANSWER-- Refute one (or more) element(s)
- Contribution/comparative negligence
- Assumption of risk
- Statute of limitations
- Immunities
Disadvantage of using auto symbol 7 (specifically described autos) - ANSWER-
Insurance needs to know about every vehicle
Drive other car - ANSWER-Insures employees (and spouses) with company cars who
have no personal auto policy of their own
Electronic data liability policy - ANSWER-Pays for damage the insured does to the
electronic data of others
Employee hired autos - ANSWER-Insures employees renting autos in their own name
to conduct employers business