Exam DISC-IA Practice Question 825
Study guide: Exam DISC-IA
A painting contractor's CGL has a $1,000,000 each occurrence limit and CG 20 10 04 13 (Additional Insured – Owners, Lessees or Contractors – Scheduled Person or Organization) scheduling a building owner. The painting contract requires the contractor to insure the owner for $500,000. While the painting is under way, a visitor trips over the contractor's drop cloth and sues the owner for $800,000. What does the contractor's CGL pay on the owner's behalf?
- A) $500,000
- B) $800,000
- C) $1,000,000
- D) $0, because the owner is not the named insured
Answer this question and see the worked solution