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Webcast

The Most Basic CGL Concept – It’s Found on the First Page


Total Credits: 1 including 1 CE Credit

Average Rating:
   4
Bundle:
Commercial Lines
Categories:
Big “I” Virtual University |  Commercial Lines |  Commercial Lines - Basic
Faculty:
Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS
Course Levels:
All Levels
Duration:
1 Hour
License:
Product Setting: Expires 30 day(s) after program date.

Dates


Description

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:

  • Bodily injury
  • Property damage
  • Suit
  • Employee
  • Coverage territory
  • Occurrence

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.

Basic Course Information

Learning Objectives
  • Learn The Most Basic CGL Coverage Concept
  • Understand Coverage Limitations in the CGL’s Insuring Agreement
  • Discuss The CGL Actually Requires Legal Liability

Course Materials

Faculty

Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS's Profile

Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS Related Seminars and Products


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:

  • "The Insurance Professional's Practical Guide to Workers' Compensation: From History through Audit," now in its second edition;
  • "Business Income Insurance Demystified: The Simplified Guide to Time Element Coverages," now in its third edition;
  • "Property and Casualty Insurance Concepts Simplified: The Ultimate 'How to' Insurance Guide for Agents, Brokers, Underwriters and Adjusters;"
  • "Wow! I Never Knew That! 12 of the Most Misunderstood and Misused P&C Coverages, Concepts and Exclusions;"
  • "Insurance, Risk & Risk Management! The Insurance Professional's Guide to Risk Management and Insurance;"
  • "Workers' Compensation: How You Can Effectively Answer Your Clients 12 Most Commonly Asked Questions;"
  • "Glossary of Insurance Terms;"
  • "Choosing the Best Risk Financing Option;"
  • "Writing Property and Liability Coverage for Condos;"
  • "The Truth about Enterprise Risk Management;"
  • "The Experience Mod Worksheet;"
  • "What has ISO Done to us Now?" and
  • "Cancellations, Non-Renewals & Conditional Renewals: THE Insurance Professional's Guide to Statutory Insurance Carrier Notification Requirements for All 50 States!"

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


Dates

Tue, May 07, 2024 - 01:00pm to 02:05pm CDT
Wed, May 15, 2024 - 03:00pm to 04:05pm CDT
Fri, Jun 14, 2024 - 07:00am to 08:05am CDT
Wed, Jun 26, 2024 - 09:00am to 10:05am CDT
Fri, Jul 19, 2024 - 11:00am to 12:05pm CDT
Wed, Jul 31, 2024 - 01:00pm to 02:05pm CDT
Wed, Aug 07, 2024 - 07:00am to 08:05am CDT
Wed, Aug 28, 2024 - 09:00am to 10:05am CDT
Wed, Sep 11, 2024 - 11:00am to 12:05pm CDT
Fri, Sep 27, 2024 - 01:00pm to 02:05pm CDT
Fri, Oct 11, 2024 - 03:00pm to 04:05pm CDT
Tue, Oct 22, 2024 - 07:00am to 08:05am CDT
Thu, Nov 07, 2024 - 09:00am to 10:05am CST
Thu, Nov 21, 2024 - 11:00am to 12:05pm CST
Tue, Dec 10, 2024 - 01:00pm to 02:05pm CST
Mon, Dec 30, 2024 - 03:00pm to 04:05pm CST

State Specific Details

State Approval Information Details TX - This course is approved for 1 hour of credit - # 135600

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Overall:      4.8

Total Reviews: 4