Understanding Miscellaneous General Liability Coverages
Let's face it—reading insurance forms is hard. But, IRMI makes it easy by breaking down each form line-by-line and provision-by-provision. Whether you're a broker, agent, customer service representative, or any other risk management professional, IRMI makes your job easier by providing the tools you need to quickly and efficiently review and understand policy forms and each of the individual provisions within them.
Understanding the Nuances of Miscellaneous General Liability Coverages
The Insurance Services Office, Inc. (ISO), promulgates many miscellaneous general liability coverage forms apart from the standard commercial general liability (CGL) and excess/umbrella. These policies are designed to cover liability for specific commercial business types, such as railroad protective liability and underground storage tank liability. IRMI provides an in-depth analysis of eight individual miscellaneous liability policies and their related endorsements. These policies are designed to provide liability coverage for specific risk scenarios and industries or to fulfill contractual requirements.
Products-Completed Operations Liability Coverage
Although, in most cases, products-completed operations coverage is afforded in the CGL coverage form, there may be occasions when the premises-operations exposures and the products-completed operations exposures are insured separately. IRMI's subscription resources can help you master this specialized form of liability coverage.
Liquor Liability Coverage
The liquor liability policy provides essential liability coverage for bars, pubs, restaurants, or any public-facing business that sells, serves, or furnishes alcoholic beverages to patrons.
Owners and Contractors Protective Liability Insurance
The owners and contractors protective (OCP) liability policy is special in that it is not purchased to cover the purchaser but rather purchased on behalf of another party.
For example, an OCP policy is typically purchased—in compliance with contractual requirements—by an independent contractor in the name of the party for whom the work is to be done. In other words, a general contractor might purchase an OCP policy with the project owner as the named insured; a subcontractor might similarly purchase an OCP policy to insure the general contractor.
In either case, the party purchasing the policy obtains no coverage under the policy.
Railroad Protective Liability Insurance
This specialized policy is designed for contractors working on or near railroad properties. It provides coverage for bodily injury and property damage arising from the contractor's operations on the railroad's premises.
Product Withdrawal Coverage
Product withdrawal coverage, commonly known as product recall insurance, covers the costs associated with recalling a defective or contaminated product from the market. This includes expenses related to notification, transportation, and disposal of the recalled products.
Pollution Liability Coverage
There are two standard ISO coverage forms for writing pollution liability insurance. The first, pollution liability coverage form (designated sites), provides claims-made insurance for bodily injury and property damage liability that arises from covered "pollution incidents" and also for pollution cleanup costs the insured is required by law to pay. The second, referred to as the "limited form," provides the same bodily injury and property damage liability coverage but provides no coverage for cleanup costs.
Underground Storage Tank Liability
As the title suggests, underground storage tank coverage is designed for businesses that own or operate underground storage tanks. It covers claims related to leaks or spills from these tanks, including cleanup costs and third-party bodily injury or property damage.
Electronic Data Liability Coverage
The electronic data liability policy provides coverage for bodily injury or property damage arising out of an electronic data incident. IRMI's subscription resources help clarify the important distinctions between this coverage and that provided by a standard CGL policy.
