A contractor damages the owner's hardwood floor while moving equipment. Which policy type would the owner most likely ask about first?
Correct Answer
A) Commercial general liability insurance.
CGL is the relevant policy category to investigate for third-party property damage. Actual coverage depends on the policy, exclusions and facts; naming the category does not establish that the floor damage is covered. Source: https://www.insurance.ca.gov/01-consumers/105-type/95-guides/09-comm/upload/IG-Commercial-Insurance-Updated-061524.pdf
Why This Is the Correct Answer
CGL is the relevant policy category to investigate for third-party property damage. Actual coverage depends on the policy, exclusions and facts; naming the category does not establish that the floor damage is covered. Source: https://www.insurance.ca.gov/01-consumers/105-type/95-guides/09-comm/upload/IG-Commercial-Insurance-Updated-061524.pdf
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