Indentify the major general liability loss exposures of business firms.

The three major general liability loss exposures of business firms are; Premises and operation liability, products liability, Completed operations liability, Contractual liability, Contingent liability
Rejda, George Principls of Risk Management and Insurance Eleventh Edition. PG

Identify the causes of loss that are covered under the following forms:
a. Causes-of-loss basic form
b. Causes-of-loss broad form
c. Causes-of-loss special form

The cause of loss basic form provides eleven basic causes of loss to covered property. The eleven basic causes of loss to covered property are: Fire, Lightning, Explosion, Windstorm or hail, Smoke, Aircraft or vehicles, Riot or civil commotion, Vandalism, Sprinkler leakage, Sinkhole collapse, Volcanic action. The cause of loss board form includes basic form plus several additional causes they are falling objects, weight of snow, ice, or sleet, and Water damage. The board also covers collapse of a building as additional coverage. If only caused by the following; Certain specified causes of loss, hidden decay, hidden decay, hidden insect or vermin damage, weight of people or personal property, weight of rain that collects on a roof, and use of defective materials or methods in construction or remodeling if collapse occurs during the course of construction or remodeling. The cause of loss special form insures against “risks of direct physical loss’ ’this all direct physical damage losses to insured property are covered unless specifically excluded or limited in the form itself. There are three additional extensions of coverage. First personal property in transit is covered for certain causes of loss while the property is in or on a motor vehicle owned, leased or operated by the insured. Next, if the damage results from a covered water damage loss