General Liability Insurance

LIABILITY TERMS

Liability – Covers your Association liability for Bodily Injury and Property Damage. Products liability and completed operations are also included. There is no aggregate limit of liability for operations exposure. The full limit is available for each claim. Products and completed operations are subject to an aggregate limit.

Contractual Liability – Extends your coverage to liability assumed under contract, applies to both oral & written agreements relating to named insured’s business.

Personal Injury and Advertising Injury Liability – Personal Injury means injury other than bodily injury. Coverage is provided for injury resulting from offenses such as false arrest, malicious prosecution, detention of imprisonment, the wrongful entry into, wrongful eviction from an other acts of invasion, or rights of private occupancy of a room. Coverage for libel & slander is also provided in the policy. Advertising Injury pays for damages done in the course of oral or written advertisement that disparages, libels or slanders a person’s organization’s goods, products or services.

Host Liquor Liability – Will defend or pay sums you are legally obligated to pay resulting from serving of liquor to someone who, while intoxicated, is in an accident and causes or receives injuries as a result of the alcohol consumed.

Fire Damage Legal Liability – Limit provides coverage for fire damage caused by negligence on the part of the insured to premises rented to the named insured. If a fire occurs because of negligence of the insured and causes damage to property not rented to the insured, coverage would be provided under the occurrence limit.

Incidental Medical Malpractice – Extends “bodily injury” arising out of rendering or fail to render medical treatment on premises such as, for example, first-aid treatments, during the policy period.

Non-Owned Watercraft – covers operation of watercraft under 50 feet in length which the Association borrows, rents or charters – but do not own.

Additional Person Insured – Includes as insured; 1. Any spouse of a partner concerning business activities of the partnership and 2. Any employee of the named insured while acting within the scope of his or her duties. Does not apply to bodily injury or personal injury sustained by a fellow employee, which occurs during the course of employment.

Extended Bodily Injury – Amends the definition of occurrence to; includes any intentional act by or at the direction of the insured, which results in bodily injury, but only is such bodily injury results from the use of “reasonable” force for purposes of protecting persons or property.

Newly Acquired Organizations – Provides automatic coverage up to 90 days for organization which the Association buys or establishes and which the Association is the owner or the majority stockholder, including limited liability companies.

Medical Payments – Pays the reasonable medical payments, without regard to fault, caused by an accident on your Association property, or the ways immediately adjoining it.