Coverages screen for general liability

In general liability, the Coverages screen allows you to add standard and additional liability coverages as well as exclusions, conditions, and additional insureds.

Standard Coverages tab

In general liability, the Coverages > Standard Coverages tab displays coverages that are used by most policies.

Field	Description
Policy Basis	Select either Claims Made or Occurrence. If Claims Made is selected, then the policy covers claims filed during the policy term. The claim may be based on a loss which occurred after an explicit retroactive date. The Claims Made Original Effective Date and Retroactive Date fields appear and are required. These fields limit how long before the beginning of the policy period a loss can have occurred and still be eligible for coverage if filed during the period. These fields usually have the same date. The Claims Made Original Effective Date is the date that the policyholder first became covered on a claims made basis. (Prior to that date, they were covered on an occurrence basis or they had no coverage.) Only losses which occurred on or after the Retroactive Date are eligible for coverage. This date would never be earlier than the Claims Made Original Effective Date. Set the Retroactive Date later to limit the period of time for which the insurer provides coverage for claims which occurred in the past. If Occurrence is selected, the policy covers losses that occur during the policy term. This type of policy covers a loss that occurs during the policy term, but is reported after the term expires. Note: You cannot change a policy from Claims Made to Occurrence in a mid-term policy change. If you need to make this change, you must cancel the policy, then rewrite it.
Split BI / PD Limits	Yes or No. If No, general liability bodily injury and property damage are covered by a single limit. If Yes, some general liability coverage parts are split into a Bodily Injury (BI) limit and a Property Damage (PD) limit. In the default configuration, the Occurrence Limit, Aggregate Limit, and Product/Comp.Ops Aggregate are split. For example, if Yes is selected, the Occurrence Limit is split into Bodily Injury Occurrence Limit and Property Damage Occurrence Limit. You can configure which limits are split in Studio. Navigate to Product Model > Policy Lines and click General Liability Line. Click the Basics & Coverages tab. In the left pane, select one of the coverage terms under General Liability. On the Availability tab for the coverage term, the Availability Script determines whether the coverage term is available with split limits.

Field

Description

Policy Basis

Select either Claims Made or Occurrence.

If Claims Made is selected, then the policy covers claims filed during the policy term. The claim may be based on a loss which occurred after an explicit retroactive date. The Claims Made Original Effective Date and Retroactive Date fields appear and are required. These fields limit how long before the beginning of the policy period a loss can have occurred and still be eligible for coverage if filed during the period. These fields usually have the same date.
The Claims Made Original Effective Date is the date that the policyholder first became covered on a claims made basis. (Prior to that date, they were covered on an occurrence basis or they had no coverage.)
Only losses which occurred on or after the Retroactive Date are eligible for coverage. This date would never be earlier than the Claims Made Original Effective Date. Set the Retroactive Date later to limit the period of time for which the insurer provides coverage for claims which occurred in the past.

If Occurrence is selected, the policy covers losses that occur during the policy term. This type of policy covers a loss that occurs during the policy term, but is reported after the term expires.

Note: You cannot change a policy from Claims Made to Occurrence in a mid-term policy change. If you need to make this change, you must cancel the policy, then rewrite it.

Split BI / PD Limits

Yes or No. If No, general liability bodily injury and property damage are covered by a single limit. If Yes, some general liability coverage parts are split into a Bodily Injury (BI) limit and a Property Damage (PD) limit. In the default configuration, the Occurrence Limit, Aggregate Limit, and Product/Comp.Ops Aggregate are split. For example, if Yes is selected, the Occurrence Limit is split into Bodily Injury Occurrence Limit and Property Damage Occurrence Limit.

You can configure which limits are split in Studio. Navigate to Product Model > Policy Lines and click General Liability Line. Click the Basics & Coverages tab. In the left pane, select one of the coverage terms under General Liability. On the Availability tab for the coverage term, the Availability Script determines whether the coverage term is available with split limits.

Additional Insureds tab

In general liability, the Coverages > Additional Insureds tab allows you to add persons or companies to the general liability policy. The policy extends coverage to those persons or companies based on the additional insured Type field. The Type field is required. Select and specify a Type such as Lessors, Contractors, or Vendors. For example, if you are a manufacturer, you can extend product liability coverage to vendors who sell your product.