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Exam (elaborations)

AU 62 - Chapter 2 Study Guide with Complete Solutions

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  • 2024/2025
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  • 2024/2025

AU 62 - Chapter 2 Study Guide with Complete Solutions Coverage A - Answer-Bodily Injury and Property Damage Liability Bodily Injury and Property Damage Liability composed of - Answer-premises and operations hazard; products and complete operations hazard premises and operations liability expos...

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  • October 16, 2024
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  • 2024/2025
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EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER, 2024




AU 62 - Chapter 2 Study Guide with
Complete Solutions

Coverage A - Answer✔✔-Bodily Injury and Property Damage Liability


Bodily Injury and Property Damage Liability composed of - Answer✔✔-premises and operations

hazard; products and complete operations hazard


premises and operations liability exposure - Answer✔✔-possibility that an organization will be

held liable because of bodily injury or property damage caused by an accident that either occurs

on the organizations premises or arises out of the organizations ongoing operations on or off

the premises


excluded in premises and operations liability (CGL) - Answer✔✔-bodily injury or property

damage arising out of the use of aircraft, autos or watercraft; illness or injury of organizations

employees


products and completed operations liability exposure - Answer✔✔-possibility that an

organization will be held liable because of bodily injury or property damage caused by an

accident arising out of products manufactured, sold or distributed by the organization and

occurring after the products are no longer on the organization's premises or in the organizations

physical possession



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, EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER, 2024


Coverage B - Answer✔✔-Personal and Advertising Injury Liability


Personal and Advertising Injury Liability - Answer✔✔-injury arising out of several listed offenses

such as false arrest, wrongful eviction, libel, slanders and infringing upon another's copyright in

the insured's advertisement; used to be rare


Coverage C - Answer✔✔-Medical Payments


Medical Payments - Answer✔✔-does not require insured to be legally liable so it's not

technically liability insurance; result from bodily injury because of an accident occurring on the

insured's premises or arising out of the insured's operations anywhere in the coverage territory


Owners and Contractors Protective Liability Coverage Form - Answer✔✔-Covers the property

owner against liability arising out of (1) operations being performed by a contractor or (2) the

named insured's negligent supervision of the contractor's operation


Railroad Protective Liability Coverage Form - Answer✔✔-protects the named railroad owner

against bodily injury resulting from the operations of a contractor performing operations on,

over, under or adjacent to railroad property


Electronic Data Liability Coverage Form - Answer✔✔-covers the insured's liability for loss of

electronic data caused by an electronic data incident


Product Withdrawal Coverage Form - Answer✔✔-Covers the costs of withdrawing or recalling

products from the market




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