Commercial Liability Insurance for Contractors

Overview

The commercial general liability (CGL) policy includes three coverage parts: bodily injury and property damage (Coverage A), personal and advertising injury (Coverage B), and medical payments (Coverage C). Contractors can use all coverage parts, but Coverage A is the most significant for them. This course reviews the basic policy’s coverage parts, key provisions, conditions, insurance limits, and customizable endorsements.

Find this course for your license

License or Certification

Regulator

Learning Objectives

identify major categories of insurable liability risks for contractors and how the standard CGL policy covers each
differentiate the two coverage triggers in CGL policies and explain how each determines applicable policies for specific liabilities
recognize the impact of CGL exclusions (e.g., contractual liability, pollution, “damage to your work”) and how claims may still be covered
understand the significance of “insured” status and differentiate between named, automatic, and additional insureds under the standard CGL policy
recognize the function of umbrella liability insurance, compare it with standard CGL policy coverage, and identify how contractor limitation endorsements alter umbrella policy coverage

Designed For:

Property and casualty risk, safety, insurance, and finance professionals

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International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.

Course Information

Adding additional credit may change exam requirements.

Advanced Preparation:

None

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