
Commercial General Liability (CGL) Quiz
Quiz
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Other
•
Professional Development
•
Hard
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Commercial General Liability (CGL) insurance primarily protect businesses against?
Loss of business revenue
Claims of bodily injury, property damage, and personal injury
Natural disasters
Employee theft
Answer explanation
Commercial General Liability (CGL) insurance primarily protects businesses against claims of bodily injury, property damage, and personal injury, making it essential for managing legal risks.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a professional liability policy?
An accountant buys E&O coverage to protect against client lawsuits for financial errors
A contractor provides a performance bond to ensure completion of a project
A business purchases flood insurance
A store owner buys theft insurance
Answer explanation
The correct choice is the accountant buying E&O coverage, which is a professional liability policy that protects against claims of negligence or errors in professional services.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT typically included in other commercial liability policies?
Natural disaster insurance
Professional liability
Employment practices liability
Cyber liability
Answer explanation
Natural disaster insurance is not typically included in commercial liability policies, which usually cover professional, employment practices, and cyber liabilities.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which coverage pays for medical expenses for injuries on premises, regardless of fault?
Coverage B
Coverage D
Coverage A
Coverage C
Answer explanation
Coverage C pays for medical expenses for injuries occurring on the premises, regardless of who is at fault. This coverage ensures that injured parties receive prompt medical attention without the need to establish liability.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key requirement under Section IV — Conditions of a CGL policy?
The insured must notify the insurer promptly and cooperate with investigations
The insured must pay all claims out of pocket
The insured must renew the policy annually
The insured must provide free services to claimants
Answer explanation
A key requirement under Section IV of a CGL policy is that the insured must notify the insurer promptly and cooperate with investigations. This ensures proper handling of claims and protects both parties.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which coverage under CGL deals with liability for physical harm or damage to others' property?
Coverage C
Coverage D
Coverage B
Coverage A
Answer explanation
Coverage A under a Commercial General Liability (CGL) policy addresses liability for bodily injury and property damage to others. It specifically covers physical harm or damage caused by the insured's operations.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which scenario is covered under Coverage B of a CGL policy?
A business is sued for using a competitor’s slogan in its ads
A contractor damages a client’s flooring
A visitor trips on a rug and breaks an arm
A customer slips in a store and sues
Answer explanation
Coverage B of a CGL policy addresses advertising injuries, such as when a business is sued for using a competitor’s slogan in its ads. The other scenarios relate to bodily injury or property damage, which are covered under different sections.
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