General liability

The general liability line of business is part of the PolicyCenter base configuration. General liability covers a policyholder for broad categories of liability for third party losses.

This line of business contains a reference implementation that you can use to accelerate your implementation. This line of business includes reference implementations for policy transactions, policy file screens, sample rating rules, sample eligibility rules, and forms logic. The reference implementation also provides sample content.

Note: The PolicyCenter default application is not a compliance system. Guidewire designed the product model so that you can build your own compliance system. For example, the system tables in the default application can accommodate multiple classifications per jurisdiction over time. The default application contains a sample set of these classifications.

The general liability line covers a policyholder for broad categories of liability for third party losses. Final audit is provided in the general liability line.

As is typical of a liability policy, all coverages are line-level coverages. At a minimum, each general liability policy contains basic general liability coverages. In addition, the policy can contain additional coverages, exclusions, conditions, and additional insureds. Additional coverages provide insurance for specific types of liability such as pollution or electronic data. Exclusions allow you to exclude certain types of liability such as damage to rented premises. Conditions allow you to define other contractual obligations on the policy. You can extend the liability coverage by adding coverage for additional insureds. Each additional insured must have a type, such as controlling interest or lessor of leased equipment.

Exposures allow you to quantify the risk at a specific location. You quantify the risk by entering class codes and a basis amount, which is typically annual sales. These basis amounts are audited if the policy requires final audit.