In the Commercial General Liability contract, which type of coverage form can be used?

In the Commercial General Liability contract, which type of coverage form can be used?

• A. Occurrence or Claims-Made
• B. Declarations
• C. Common Policy Conditions
• D. Nuclear Energy Liability Endorsement

Answer: (A)

In a Commercial General Liability contract, the form that defines when coverage applies can be one of two options: an occurrence form or a claims-made form. The occurrence form provides coverage for events that happen during the policy period, regardless of when the claim is filed. The claims-made form provides coverage only if the claim is made during the policy period (and may include an extended reporting period and a retroactive date). These two forms are the standard ways CGL coverage is written, chosen to fit the insured’s risk management needs. The other items are parts of the policy (like the Declarations or Common Policy Conditions) or a specialized endorsement (Nuclear Energy Liability Endorsement) and do not represent the main coverage forms used for CGL.

In a Commercial General Liability contract, the form that defines when coverage applies can be one of two options: an occurrence form or a claims-made form. The occurrence form provides coverage for events that happen during the policy period, regardless of when the claim is filed. The claims-made form provides coverage only if the claim is made during the policy period (and may include an extended reporting period and a retroactive date). These two forms are the standard ways CGL coverage is written, chosen to fit the insured’s risk management needs. The other items are parts of the policy (like the Declarations or Common Policy Conditions) or a specialized endorsement (Nuclear Energy Liability Endorsement) and do not represent the main coverage forms used for CGL.