Chapter 26 Commercial Liability Insurance
“The litigious nature of American society is a risk that can impact a company’s bottom line. Liability insurance is a key tool for managing this risk.”
William B. Hedrick
Managing Director, Marsh USA, Inc.
Learning Objectives
After studying this chapter, you should be able to
Identify the major liability loss exposures of business firms.
Describe the basic coverages provided by a commercial general liability (CGL) policy.
Explain the coverage provided by a workers compensation and employers liability policy.
Describe the important provisions of a commercial umbrella policy.
Identify the liability coverage provided by a businessowners policy (BOP).
Describe the basic characteristics of a professional ...
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