This document discusses specialty food and beverage insurance provided by Personal Coverage, Inc. It covers commercial general liability insurance, including bodily injury and property damage liability limits. It also addresses policy features like deductibles, additional insureds, territory coverage, and whether defense costs are included within or outside the liability limits. The document provides an overview of important questions to consider about liability insurance, such as whether commercial general liability or product liability is needed, ensuring limits meet contractual requirements, occurrence vs. claims-made policies, and how to cancel a policy if no longer required. It introduces Tom Wallace as the executive VP who can be contacted for more information.

1. Specialty Food & Beverage Insurance
by Personal Coverage, Inc.
Protecting Your for the World’s Enjoyment
(and shedding some light on the insurance buying process)

2. Commercial General Liability
▪ Covers Bodily Injury and Property Damage to 3rd Parties due to the negligence of an
insured from your
▪ Premise or operations
▪ Products or completed operations
▪ Covers Personal Injury (libel, slander, etc.) andAdvertising Injury
▪ Medical Payments to 3rd parties for premise and operations
▪ Defense costs associated with a claim

3. Liability Limit Example
▪ $1,000,000 PerOccurrence for: Bodily Injury and Property Damage
▪ $2,000,000GeneralAggregate: most the policy will pay in one year
▪ $2,000,000 Products & Completed OperationsAggregate: most the policy will pay in
one year
▪ $1,000,000 Personal Injury & Advertising Injury
▪ $100,000 Property Damage to Premise Rented
▪ $10,000 Medical Payments to Others: not for products or completed operations claims

4. Policy Features
▪ Does a deductible apply?
▪ Additional Insureds
▪ CoverageTerritory
▪ Defense included in the limit of insurance or outside the limit of insurance
▪ Coverage limited to designated products
▪ Virus and Bacteria exclusions apply to products intended to be consumed?
▪ How is the policyAudited?
▪ Is it Occurrence or Claims Made?

5. Liability Insurance Overview
1) Commercial General Liability or Product Liability ?
2) Do limits meet your contractual requirements?
3) Occurrence vs. Claims Made
4) Additional Insured process, is there a charge?
5) Defense inside or outside the limits
6) What if you don’t want or need the policy any longer?

6. TomWallace, CIC, ARM, ExecutiveVP
Specialty Food & Beverage Insurance
by
Personal Coverage, Inc.
Protecting You for the World’s Enjoyment
Toll Free 877-300-4760 (rings to my mobile)
OR
twallacejr@specialtyfoodbeverage.com
www.specialtyfoodbeverage.com
www.personalcoverage.com