Module 2: Commercial General Liability Insurance: Introduction
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This module discusses the fundamental concepts & principles of CGL, including how and why it was developed, and the differences between the various types of coverage triggers. It lays out the various policy components and explains how they may be combined, through a modular approach, to provide coverage in difference combinations. The module discusses the purpose and features of excess and umbrella coverage and how they relate to the underlying insurance that an entity purchases. The various coverages – Bodily Injury & Property Damage, Personal & Advertising Injury, Medical Payments and Supplemental Payments are explained. It also addresses who is covered – Insureds and Additional Insureds – and the Limits, Conditions, and Definitions sections of the policy. The module explores the relationship between the limits of liability on excess/umbrella policies and the underlying coverages, insuring agreements, and Insureds under excess/umbrella policies. The module concludes with a discussion of special forms of coverage and how CGL relates to the PLI and excess/umbrella coverages in a portfolio of coverages for a client.
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