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Tyrone Said:

Generally, is there any information on how much a Commercial General Liability for a Small Business Costs?

We Answered:

Will vary greatly by the type of business. For a million of general liability in Pennsylvania on a carpenter it would be about $550. Just as an example. Contact a local agent to get a firm quote - http://www.insuremyhouse.com

Ethel Said:

Why do I need a Commercial General Liability policy?

We Answered:

OK, regerugged has part of the answer for you and I think Jim is a little confused about what general Liability is for. General Liability does NOT cover punitive damages and it does NOT cover liability for any amount of damage you might do with a vehicle.

The main purpose for General Liability is that there are certain stipulations under certain Auto policies regarding loading and unloading of vehicles. Sometimes it is covered and sometimes it is not which completely depends on the policy. The loading and unloading of vehicles is generally covered under the CGL policy.

The bottom line is that having a CGL policy helps you to cover all your bases. The lessor is just covering their own butt by having you get the CGL policy. They don't know what you will be using the truck for and they just want to make sure that regardless of what you do with the truck, you are covered so they don't get sued.

I hope this helps!

Rafael Said:

Retroactive date found in claims-made version of the commercial general liability policy?

We Answered:

Definately D.

But if you're asking . . . that's because you don't know exactly how it works, or why a claims made policy is written that way . . . so you need to re-read that chapter, or you won't pass the exam.

Gina Said:

Commercial General Liability Insurance for multiple office locations?

We Answered:

As long as the multiple office locations are of the same nature (and a lot of times, even if they aren't), then one policy will do fine, and will just include all the locations.

That is, as long as all the offices are owned by the same entity.

HOWEVER, there is one major drawback to this - a general liability policy has an "occurrence" limit - the most the policy will pay for one claim, and an "aggregate" limit - the most the policy will pay during one year. So, if you have 6 offices, and two each have a million dollar claim, and you have a $2,000,000 aggregate on the policy, then guess what? You're out of coverage for the policy, for ALL locations, for the rest of the year.

There are several ways around that. 1. you could buy a commercial umbrella policy, to increase the total claim payout limit. 2. You could increase the aggregate limit - the highest agg limit I've seen in recent years is $3,000,000, but $2,000,000 is standard. 3. You could add an endorsement, if the company will allow it - the "per location aggregate limit" endorsement - which effectivey says, the aggregate limit applies to EACH scheduled location, NOT the policy as a whole. But this endorsement is harder and harder to get these days, as, say, if you have 6 locations, the maximum policy payout would now be $12,000,000.

You'll have to discuss your options with your agent.

Mabel Said:

How do I know the defense cost limits for a commercial general liability policy?

We Answered:

Defense costs can be inside or outside the limits - outside means, unlimited. The majority of CGL forms in most industries have defense costs outside the limits - which does YOU no good if you're one of the minority. You'll have to ask your agent about your form.

The insurance carrier is responsible for defending the insured only when the claim is something the policy covers, and only until the policy exhausts it's limits.

So if you get sued for sexual harassment, well, that's excluded under the CGL form, so there's no defense there (you can get it somewhere else). And if you've already had a big million dollar claim, and you have a one million dollar aggregate, then you're out of coverage - so you get no defense there, either.

Elizabeth Said:

Who sells commercial general liability insurance for a recording studio?

We Answered:

Most any smart, independent agent can get you coverage for this. If you're renting out time in the studio, you might need to go to a media specialist, like Encore Insurance.

Willie Said:

What is not under a commercial general liability policy?

We Answered:

C

And if you honestly have no idea . . . you need to re-read the entire chapter on commercial general liability.