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IRMI on Commercial General Liability

Overview

For a business, facing a lawsuit can be financially devastating, regardless of the outcome. Commercial General Liability (CGL) insurance provides critical protection against the unpredictable financial impacts of legal liabilities. This course presents a range of scenarios where one party is held responsible for damages or injuries caused to another party. This course material explores specific liability scenarios and discusses how CGL policies can provide protection to insured individuals and organizations.

Summary Details

Hours

10.0





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Learning Objectives

    understand the basis of legal liability and how insurance functions to protect insureds from the financial consequences of that liability

    identify the broad categories of general liability loss exposures-premises, operations, products, completed operations, contractual liability, independent contractor-and how the CGL policy addresses each

    identify the standard CGL exclusions, what is excluded by each, and what is left unexcluded by each

    understand how the limits of insurance under a CGL policy are structured and how they determine the amounts to be paid for a claim

    identify the most common ways in which CGL coverage may be modified by endorsement




Designed For:

Property and casualty insurance agents, brokers, adjusters, and claims professionals at any level in their career


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.

Access Period: 12 months
Prerequisites: None
Delivery Method: Self-Study
PDF Download: Available
Provider of Record: WebCE
Provider Number: 737
Last Reviewed: September 2024
Study Level: Intermediate
Approved For: General

Exam

Proctor: No
Passing Grade: 70
Questions: 25



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