Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 21 4 pts Fickling & Clement Insurance, Inc. host an Open House for the local Chamber of Commerce. Alcoholic beverages are served and one

image text in transcribed
Question 21 4 pts Fickling & Clement Insurance, Inc. host an "Open House" for the local Chamber of Commerce. Alcoholic beverages are served and one of the Chamber members, Will Smith, consumes to much alcohol and while driving home hits a pedestrian in a crosswalk causing serious bodily injury. The pedestrian sues Smith for the bodily injury and Fickling & Clement Insurance for serving alcohol to Smith. Fickling & Clement have an unendorsed Commercial General Liability policy. How will the policy respond to defense? The Liquor Liability exclusion in Coverage A of the CGL voids all coverage, both defense and payment of judgements. B The CGL will not defend Fickling & Clement nor Will Smith The CGL will defend Will Smith but not Fickling& Clement The CGL will defend Fickling & Clement but not Will Smith

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Healthcare Finance An Introduction To Accounting And Financial Management

Authors: Louis C. Gapenski

5th Edition

1567934250, 978-1567934250

More Books

Students also viewed these Finance questions

Question

3 > O Actual direct-labour hours Standard direct-labour hours...

Answered: 1 week ago