Branch of civil law that deals with civil wrongs other than breaches of contract
interest that may accrue on damages before a judgment has been rendered
interest that may accrue on damages after a judgment has been entered in a court and before the money is paid
What are the two broad categories of liability loss insured under Coverage A and Coverage B of the Commercial General Liability (CGL) Coverage Form?
Bodily injury and property damage liability
Personal and advertising injury liability
What is the premises and operations liability exposure?
the possibility that an organization will be held liable because of bodily injury or property damage caused by an accident that either occurs on the organization's premises or arises out of the organization's ongoing operations on or off those premises
What is the products and completed operations liability exposure?
possibility that an organization will be held liable because of bodily injury or property damage cause by 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 organization's physical possession or by an accident arising out of the organization's completed work, including defective parts or materials furnished with the work