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8 lis 2019 · The ISO classification system starts with a 5-digit code that describes the industry of the insured—Manufacturing or Processing (Codes 50000 to 59999), Contracting or Servicing (90000 to 99999), Mercantile (10000 to 19999), Building or Premises—office or space leased to others (60000 to 69999), and Miscellaneous (40000 to 49999).
Ensure the right coverage with our rules. Our data, loss costs, and coverage forms are the ingredients, and rating rules are the recipe, providing a solid base for more confident classification, pricing, and policy issuance.
Insurance Services Office, Inc. (ISO), a subsidiary of Verisk Analytics, is a provider of statistical, actuarial, underwriting, and claims information and analytics; compliance and fraud identification tools; policy language; information about specific locations; and technical services.
The ISO classification system starts with a 5-digit code that describes the industry of the insured— Manufacturing or Processing (Codes 50000 to 59999), Contracting or Servicing (90000 to 99999), Mercantile (10000 to 19999), Building or Premises—office or space leased to others (60000 to 69999),
The Insurance Services Office (ISO) formula to calculate premium for commercial general liability exposures is relatively simple and straightforward, but the individual component parts require some explanation. The ISO formula is in the Commercial Lines Manual, Division Six, General Liability, Rule 35, Premium Determination.
General liability class codes are a group of numbers that insurance companies use to classify a business’ industry risk. This classification system can help determine rates, coverage and exclusions for general liability insurance. Learn more about GL class codes from The Hartford.
CGL class codes are published and updated routinely by Insurance Services Office (ISO), and divide risks into hundreds of different categories. Each category or class groups insureds so that the rate for each classification reflects the hazards common to those insureds. For example, ISO identifies window decorating as code 49840,
