11.01. CGL Who Is an Insured Provision

  1. 3 types of insureds
    • named insured and related parties
    • named insured's employees and volunteer workers
    • other persons and organisations
  2. Named Insured and Related Parties
    • individual: spouse is an insured too; no coverage for unnamed spouse's business
    • partnership, joint venture, corporation: all partners and their spouse are insured; includes controlling members and managers
    • others: all executive officers, directors and stockholders
  3. Named Insured's Employees and Volunteer Workers Exclusions
    • Bodily Injury and Advertising Injury
    • Professional Healthcare Services
    • Damage to property of Named Insured and Others
  4. Other Persons and Organizations
    • real estate manager
    • legal representatives
    • newly acquired organization (up to 90 days)
  5. Unlisted Partnership, Joint Venture, or LLC
    • coverage does not apply if partnership wasn't listed
    • usually insurer charges and additional premium for those
    • problem for contractors who 1) form temporary partnership 2) can still be liable after partnership ended
Card Set
11.01. CGL Who Is an Insured Provision
CGL Who Is an Insured Provision