The three coverage parts of the commercial general liability (CGL) policy—bodily injury and property damage (Coverage A), personal and advertising injury (Coverage B), and medical payments (Coverage C)—including the insuring agreement and exclusions. Contractors may avail themselves of the coverage provided under all of the coverage parts; however, the most significant coverage section for contractors is Coverage A—“bodily injury and property damage.” This course provides a review of the basic policy’s coverage parts, key policy provisions and conditions, limits of insurance, and various endorsements that can be attached to the policy to customize coverage.

Upon completion, students will be able to:

• identify the major categories of insurable liability risk faced by contractors and explain how each is covered by the standard CGL policy;
• differentiate the two coverage triggers used in CGL insurance policies and explain how each trigger defines what policy will apply to specific liability insurance;
• recognize the effect of CGL exclusions, such as contractual liability, pollution, and “damage to your work,” and explain how claims may be covered despite the exclusions;
• recognize the significance of “insured” status to the availability of coverage under a standard CGL policy and differentiate between a named insured, an automatic insured, and an additional insured under the standard CGL policy;
• recognize the function of umbrella liability insurance, contrast the coverage available under a typical umbrella policy with that of a standard CGL policy, and identify the major ways in which a contractor limitation endorsement alters the coverage of an umbrella policy

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