Total Credits: 1 including 1 CE Credit
Coverage provided by the CGL can never be any broader than the grant of coverage in the insuring agreement. If the injury or damage isn’t contemplated in the insuring agreement, there is no need to go any further. These truths are revealed by digging into the depths of the CGL’s Insuring Agreement – often overlooked by agents.
This session begins by defining six key terms found in the CGL’s insuring agreement:
We discover that each of these defined terms in some way limit the breadth of the CGL.
In this section of the course, we discover 10 specific CGL coverage limitations found within the insuring agreement and delve briefly into insured status.
The final section of this class digs into the concept of “legal liability.” The CGL insuring agreement states that the policy responds only when the insured is “…legally obligated to pay….” We answer the question, what creates legal liability?
What we learn is that everything within the coverage provided by the CGL begins with the insuring agreement, so THAT is the most basic but also most important concept within general liability.
IMPORTANT_CE Credit Instructions_Read Before Webcast_Updated (752.6 KB) | Available after Purchase |
The Most Basic CGL Concept – It’s Found on the First Page Outline (17.5 KB) | Available after Purchase |
The Most Basic CGL Concept – It’s Found on the First Page Handout (652.2 KB) | Available after Purchase |
Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS, joined the insurance industry in 1990. He is the Executive Director of the Independent Insurance Agents and Brokers of America (Big "I") Virtual University. His current duties involve researching, writing, and teaching property and casualty insurance coverages and concepts to Big "I" members and others in the insurance industry.
During his career, Boggs has authored more than 300 insurance and risk management-related articles on a wide range of topics as diverse as Credit Default Swaps, the MCS-90, and enterprise risk management. In addition to this, Boggs has written 13 insurance and risk management books:
Boggs is a regular speaker at industry events, speaking for groups such as the National Association of Mutual Insurance Companies (NAMIC), the National Society of Insurance Premium Auditors (NSIPA), the American Association of Managing General Agents (AAMGA), the Institute of Work Comp Professionals (IWCP), and the CPCU Society.
A graduate of Liberty University with a bachelor's degree in Journalism, Boggs' background includes work as a risk management consultant, loss control representative, producer, claims manager, and quality assurance specialist
Fri, Jun 14, 2024 - 07:00am to 08:05am CDT
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