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Insurance
?
Which of the following is an important difference between coverage provided by
commercial general liability (CGL) insurance and coverage provided by professional
liability and management liability insurance?
Costs of legal defense often are paid within (not in addition to) policy limits in
CGL policies while these costs are paid in addition to policy limits in professional
liability and management liability policies.
Professional liability and management liability policies are written with a claimsmade trigger less frequently than are CGL policies.
The CGL often has large limits of liability coverage while professional liability
and management liability policies have smaller limits.
Unlike CGL policies, professional liability and management liability policies
often give the insured the right to participate in the decision regarding whether or
not a claim should be settled or contested.
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
D
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?
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?
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?
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?
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?
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