General commercial liability

General commercial liability

Bachelor of Business Studies (BBS) — Fourth Year

Subject: Insurance and Risk Management (FIN 254)

Unit 9: Commercial Liability Insurance

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of general commercial liability.
• Apply the relevant financial concepts or calculations and explain their assumptions, risks and analytical limits.

Curriculum Scope

• General liability loss exposure
• Commercial general liability policy

Detailed Microsyllabus

1. Liability exposure

   1. General commercial loss situations.
   2. Potential claims and relevant parties.
   3. Distinguish allegation from an established liability.

2. CGL policy

   1. Scope and structure of the assigned policy.
   2. Conditions, exclusions and limits.
   3. Apply the governing contract to a hypothetical case.

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Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 92–96.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here. Examples involving current laws, rates, institutional products or Nepalese status must identify the relevant period and official materials; no changing numerical or legal requirements are invented here.