Commercial General Liability Insurance Land Trust Alliance of

Commercial General Liability Insurance Land Trust Alliance of British Columbia

Agenda • What is Commercial General Liability? • What is Covered Under the Policy? • Who is covered? • Policy Exclusions? • Coverage Extensions? • Your duties in the event of a Loss • Ways to Manage Risk and Mitigate Risk • Questions 2

What is Commercial General Liability?

v. Protection for Losses that are physical in nature v. Bodily Injury v. Property Damage v. Liability arising out of your operations v. Defense Costs v. Settlement Costs 4

Policy Coverage What is covered under the CGL policy

Occurrence Based Policy v Coverage for losses in the policy period 6

Policy Coverage Limits of Insurance

v. Limit of Liability - $5, 000 v. Defense Costs Included v$1, 000 Deductible v. Personal & Advertising Injury v. Medical Payments v. Tenant’s Legal Liability v. Non-Owned Automobile 8

Policy Coverage Who is covered under the policy?

Policy Coverage What is a claim or occurrence?

v. A request for compensatory damages for Bodily Injury or Property Damage arising out of an occurrence van occurrence is defined as “an accident, including continuous or repeated exposure to substantially the same general harmful conditions v. The occurrence must occur in the coverage territory v. The occurrence must occur in the policy period 11

Policy Exclusions What is not covered under the CGL Policy

Exclusions for Bodily Injury & Property Damage v Expected or Intended Injury v. Automobile v Contractual Liability v. Damage to your own property v Workers Compensation v Employers Liability v Aircraft or Watercraft 13 v. Electronic Data/Confidential Information v. Abuse v. Bouncy Castles/Inflatables

Exclusions for Personal & Advertising Injury Liability v Knowingly violation of another’s v. Failure to conform to Statements v. Performance or Quality of Goods rights v Knowingly publishing false material v Acts prior to policy period 14 v. Wrong description of prices v. Copyright, patent, trademark or trade secret infringement v Criminal Acts v. Interactive websites, forums, bulletin boards and chatrooms v Contractual Liability v. Unauthorized use of another’s name v Breach of Contract v. Data Related Liability or Disclosure of personal or confidential information

Exclusions for Medical Payments v Insureds v Hired persons v Injury to people who normally occupy premises v Claims that would be covered under Workers Compensation v Claims due to athletic activities 15

Exclusions for Tenant’s Legal Liability v Expected or Intended Injury v Contractual Liability 16

Common Exclusions v Asbestos v Fungi or Spores v Nuclear v Pollution v Terrorism v War Risks 17

Policy Extensions

v Employers’ Bodily Injury Liability Coverage v Employee Benefits Extension v Additional Insured Extension v Legal Liability for Damage to Hired Automobile Extension 19

What To Do In The Event Of A Loss

v Notify insurer of any incident that may result in claim v Notify insurer immediately of any action or notice of claim v Record information about incident v Cooperate with insurer in the investigation and settlement 21

Claims Examples

v. Commercial General Liability v. Bodily Injury v. Property Damage v. Medical Payments v. Tenant’s Legal Liability v. Personal Injury and Advertising Injury v. Non-Owned Automobile 23

Managing Risk

v Waivers v Ensuring Environment is Safe v Ensuring Services are Safe v Making sure sub-contractors and contractors are insured v Review your operations and risks associated v Incident Logs/Reports 25

Questions

Thank you Heather Anderson, CIP, CRM, CAIB heather. Anderson@megsonfitzpatrick. com 250 -940 -9101