Commercial General Liability Policy and Commercial Umbrella Liability Policy

What this document is

Risk Management for Enterprises and Individuals (open textbook), section 15.04: Commercial General Liability Policy and Commercial Umbrella Liability Policy is a reference published by LibreTexts Business (biz.libretexts.org), from the open textbook of the University of Minnesota Libraries / Saylor (Baranoff, Brockett and Kahane). It is one of the documents that insurance license exam questions are written from, including property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Risk Management for Enterprises and Individuals, section 15.4, "Supplementary Payments"

  “The obligation to defend and to pay for attorneys’ fees and necessary litigation expenses as supplementary payments ends when the insurer has reached the applicable limit of insurance in the payment of judgments or settlements.”

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Questions about this source

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