Premises liability
arising out of the
ownership,
maintenance or use
of the premises;
Products liability
for goods and
products
manufactured, sold
or distributed;
Completed operations
liability for
services provided or
work done for
others;
Personal injury
liability and
advertising injury
liability of the
insured; and
Medical payments
coverage.
Each of these
coverage's is
subject to certain
policy definitions,
exclusions and
limitations.
The basic CGL
coverage form can be
tailored with a
number and variety
of optional forms
and endorsements
that broaden,
delete, restrict,
add or modify the
form's basic
coverage's to result
in a coverage form
specifically
designed for the
individual insured.
ISO developed two
CGL coverage forms
for general use.
CG 00 01, is the
"occurrence" form.
It covers losses
where the injury or
damage occurs during
the covered policy
period, regardless
of when the
insurance company is
notified of the loss
or claim. The key to
this coverage
approach is the date
of loss or the
period of time when
the loss occurs.
CG 00 02 is the
"claims-made"
coverage form. With
this form, coverage
is triggered by the
actual filing date
or receipt of the
claim, in addition
to the date or
period of time in
which the loss or
injury occurs. This
form handles any
covered loss or
claim filed during
the policy period,
regardless of when
the actual loss or
injury occurred.
This is subject to
the retroactive date
indicated on the
declarations. While
the retroactive date
can be any date, for
complete protection
it should be the
first date that
claims-made coverage
was applied to the
risk. This is
because an
occurrence coverage
form applies to any
loss or damage
before that date.
Claims-made coverage
applies only to
covered losses
occurring after the
retroactive date.
