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Old 01-03-2020, 03:30 PM
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Default Question about GL exposure bases

How common is it for premises/operations and products/completed operations to have different exposure bases? So for instance if you were insuring a toy store, would you expect coverage for accidents within the store and coverage for injuries caused by the toys to use the same exposure base (maybe gross sales or something)? Just wondering if there's a general rule of thumb.
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Last edited by Eggplant; 01-03-2020 at 03:36 PM..
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Old 01-04-2020, 10:05 PM
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On mfg codes they have different bases: premises is size of building and products is sales. On retail, both sales.
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Old 01-04-2020, 10:53 PM
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The liability for the injury caused by the toy would fall back on the toy manufacturer, not the company that sold it.
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Old 01-04-2020, 11:48 PM
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How significant/material is the exposure to each hazard? For most businesses, the exposure is generally one or the other; rarely both. So why would you need (or even want) a different exposure base?


Note here that I'm not referring to risks large enough to be treated with account pricing for CGL.
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Old 01-05-2020, 10:40 AM
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Quote:
Originally Posted by Harbinger View Post
The liability for the injury caused by the toy would fall back on the toy manufacturer, not the company that sold it.
There is still a product’s rate for retail
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Old 01-05-2020, 10:55 AM
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Quote:
Originally Posted by Harbinger View Post
The liability for the injury caused by the toy would fall back on the toy manufacturer, not the company that sold it.
I'm not so sure about that. If you sell Bag-o-Glass, you might well have some exposure even if you didn't manufacture it.
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