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A searchable list of General Liability industry codes for finding the best GL ISO classification codes.
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.
It is intended to provide a general overview of the program described. Please remember only the insurance policy can give actual terms, coverage, amounts, conditions and exclusions. Program availability and coverage are subject to individual underwriting criteria.
20 paź 2022 · Commercial general liability class codes are assigned to businesses by insurance companies based on industry to represent some of the most common hazards and risks that are associated with that industry.
8 lis 2019 · Rule 25 of the ISO Commercial Lines Manual (CLM) is titled "Classifications," and it very succinctly describes the purpose of the classification system: "to group insureds into classifications so that the rate for each classification reflects the hazards common to those insureds [emphasis added]."
2 mar 2023 · General liability class codes offer insurers a way to quantify the risk they assume when underwriting general liability insurance policies. Each class code has a rate associated with it, which is used to help calculate premiums.
11 sty 2023 · General liability class codes help insurers determine how risky a particular type of work is so they can set an appropriate premium rate, offer the correct coverage and determine any exclusions or endorsements that might be needed.
