CISR Commercial Casualty I Exam
100% Accurate.
liability - ANSWERThe state of being bound or obligated in law or justice to do, pay,
or make good something; legal responsibility.
What does it mean to be legally liable? - ANSWERMeaning legally the business,
organization or individual is held accountable by the laws in their state.
Common Law - ANSWERSet of legal rules used in the US to resolve civil, not
criminal, disputes in court
Business Liability - ANSWERObligations carried by a business at any one time
Premise Liability - ANSWERApplies to specific location such as office building, store,
etc.
Operations (on going) - ANSWERTypically occurs away from the premise of the
business. Example, contractor working on a job site.
Products Liability - ANSWERthe liability of manufacturers, sellers, and others for the
injuries caused by defective products
Completed Operations Liability - ANSWERThe exposure to liability for bodily injury or
property damage arising out of the insured's completed work.
ownership, maintenance, or use of autos - ANSWERAutomobile liability can arise out
of injury and/or damage due to the ownership, maintenance or use of an auto. Ex.
An employee causes an accident while driving a company car, the business can be
held accountable.
Ownership, Maintenance or Use of Other Conveyances - ANSWERConveyance
liability will vary but the means of transport and items being transported fall under
various regulations.
Employment Liability - ANSWERSubject to laws and regulations governing injury to
workers.
Liquor liability - ANSWERcoverage for the liability of an entity involved in the retail or
wholesale sales of alcoholic beverages, or the serving of alcoholic beverages, to
persons who have incurred bodily injury or property damage arising from an
intoxicated person.
Environmental impairment - ANSWEROccurs when the operations or products of a
business cause environmental harm. Not to be confused with pollution insurance.
Ex., tractor working in a field and the gas tank leaks in to,the water source next door.
It's not intentional.
, Professional Liability - ANSWERInsurance designed to protect professionals from
claims due to errors or omissions, also known as malpractice.
Bailee Liability - ANSWER- Covers damage to customer's property
- Pays customer
Liability Triggers - ANSWERAn event in which someone is either injured or property
is damaged because of the actions or inactions of another party.
Direct Liability - ANSWERarises in cases in which the officer committed an
intentional or a negligent tort in violation of the employing agency's orders or policies.
Vicarious Liability - ANSWERLegal responsibility placed on one person for the acts
of another.
Vicarious relationships - ANSWEREmployer/employee, principal/agent,
owner/manager, owner/contractor-contractor/subcontractor
Types of legal liability - ANSWERTort, statutes, and contracts
Tort law (law of wrongful injuries) - ANSWERThe law that protects and compensates
individuals who have been injured by negligence, recklessness, or intentional acts of
others.
For negligence to occur 4 elements must be present - ANSWER1. Duty owed to
others
2. Breach of duty owed
3. Injury or damages
4. Proximate cause between the breach of duty and the injury or damages.
Intentional Tort - ANSWERVoluntary act done intentionally which result in injury or
loss to another.
Special damages - ANSWERSpecific dollar amounts that cover the cost of medical
bills, lost income, rehabilitation expenses, or the repair or replacement of property.
General damages - ANSWERDamages that do not have an exact amount like pain
and suffering
Common policy declaration - ANSWERShows the who, what, when, and where, in a
broad sense
Common policy conditions - ANSWERExplain the conditions under which the policy
may be canceled or changed, as well as power audits, inspections, premiums, and
assignment of the policy are handled
Commercial general liability declaration - ANSWEROutlines the limits and other
specifics of the CGL coverage that apply
100% Accurate.
liability - ANSWERThe state of being bound or obligated in law or justice to do, pay,
or make good something; legal responsibility.
What does it mean to be legally liable? - ANSWERMeaning legally the business,
organization or individual is held accountable by the laws in their state.
Common Law - ANSWERSet of legal rules used in the US to resolve civil, not
criminal, disputes in court
Business Liability - ANSWERObligations carried by a business at any one time
Premise Liability - ANSWERApplies to specific location such as office building, store,
etc.
Operations (on going) - ANSWERTypically occurs away from the premise of the
business. Example, contractor working on a job site.
Products Liability - ANSWERthe liability of manufacturers, sellers, and others for the
injuries caused by defective products
Completed Operations Liability - ANSWERThe exposure to liability for bodily injury or
property damage arising out of the insured's completed work.
ownership, maintenance, or use of autos - ANSWERAutomobile liability can arise out
of injury and/or damage due to the ownership, maintenance or use of an auto. Ex.
An employee causes an accident while driving a company car, the business can be
held accountable.
Ownership, Maintenance or Use of Other Conveyances - ANSWERConveyance
liability will vary but the means of transport and items being transported fall under
various regulations.
Employment Liability - ANSWERSubject to laws and regulations governing injury to
workers.
Liquor liability - ANSWERcoverage for the liability of an entity involved in the retail or
wholesale sales of alcoholic beverages, or the serving of alcoholic beverages, to
persons who have incurred bodily injury or property damage arising from an
intoxicated person.
Environmental impairment - ANSWEROccurs when the operations or products of a
business cause environmental harm. Not to be confused with pollution insurance.
Ex., tractor working in a field and the gas tank leaks in to,the water source next door.
It's not intentional.
, Professional Liability - ANSWERInsurance designed to protect professionals from
claims due to errors or omissions, also known as malpractice.
Bailee Liability - ANSWER- Covers damage to customer's property
- Pays customer
Liability Triggers - ANSWERAn event in which someone is either injured or property
is damaged because of the actions or inactions of another party.
Direct Liability - ANSWERarises in cases in which the officer committed an
intentional or a negligent tort in violation of the employing agency's orders or policies.
Vicarious Liability - ANSWERLegal responsibility placed on one person for the acts
of another.
Vicarious relationships - ANSWEREmployer/employee, principal/agent,
owner/manager, owner/contractor-contractor/subcontractor
Types of legal liability - ANSWERTort, statutes, and contracts
Tort law (law of wrongful injuries) - ANSWERThe law that protects and compensates
individuals who have been injured by negligence, recklessness, or intentional acts of
others.
For negligence to occur 4 elements must be present - ANSWER1. Duty owed to
others
2. Breach of duty owed
3. Injury or damages
4. Proximate cause between the breach of duty and the injury or damages.
Intentional Tort - ANSWERVoluntary act done intentionally which result in injury or
loss to another.
Special damages - ANSWERSpecific dollar amounts that cover the cost of medical
bills, lost income, rehabilitation expenses, or the repair or replacement of property.
General damages - ANSWERDamages that do not have an exact amount like pain
and suffering
Common policy declaration - ANSWERShows the who, what, when, and where, in a
broad sense
Common policy conditions - ANSWERExplain the conditions under which the policy
may be canceled or changed, as well as power audits, inspections, premiums, and
assignment of the policy are handled
Commercial general liability declaration - ANSWEROutlines the limits and other
specifics of the CGL coverage that apply
