Page 146 - Group Insurance and Retirement Benefit IC 83 E- Book

following list those hazards which may be covered in a general liability insurance policy

are listed first (items l-7) and are followed by hazards which are covered in other liability
policies. (There arc other liability hazards which are generally not covered by insurance,

e.g., liability resulting from war, revolution, etc.) In a few cases, a part of the hazards
mentioned below is covered in the basic policy (e.g., some automobile liability coverage

is given in an OL&T policy).
Liability arising out of the existence and use of elevators located on the premises of the

insured (Elevator Liability Insurance). Liability arising from the use of products sold or

distributed by the insured or from operations of the insured after the insured has
relinquished control over the operations (Product Liability Insurance).

Liability arising out of the operations of independent contractors employed by the insured

(Owners‘ or Contractors‘ Protective Insurance).
Liability assumed by the insured under written agreement (Contractual Liability

Insurance).
Liability resulting from the sale of alcoholic beverages (Liquor Law Liability).

Liability resulting from sprinkler leakage, etc. (Water Damage Liability).
Liability resulting from the rendering of (or failure to render) medical care or

professional service (Professional Malpractice Liability).

Liability imposed by workmen‘s compensation statute (Workmen‘s Compensation
Insurance).

Liability arising out of the ownership of an automobile (Automobile Liability Insurance).
Liability arising out of the ownership of aircraft (Aircraft Liability Insurance),

Liability resulting from the operation of an atomic reactor, the production of nuclear
energy. etc. (Nuclear Energy Liability).

Class Rating

The variation in hazard presented by the diverse risks seeking to purchase general
liability insurance necessitates a wide range of rates. Schedule rating of the type used in

life insurance rating is unknown in the general liability field. Individual risk rating
techniques similar to those which apply for workmen‘s compensation are used for general

liability insurant. In addition, the experience rating plan applicable in most states