If however, they incur losses as a result of framing a building that exceeds three stories in height, the business is not covered because this is excluded from that particular GL code.įor example, if a residential carpenter (ISO CGL Code 91340) frames a residential house that is faulty and incurs damages, the business is covered. For example, if a residential carpenter (ISO CGL Code 91340) frames a residential house that is faulty and incurs damages, the business is covered.
Exclusions limit the insurance company’s liability for activities that fall outside of the insured’s classification. An example of operations not covered is called an exclusion. While insurance companies use GL codes to approve and rate businesses, they are also used to deny certain coverages as well. When GL Class Codes are used for Exclusions: General Liability classifications categorize businesses according to the service they provide and the hazards and risks that are unique to those services. Since each of these industries possesses different risk exposures, they need different types GL classifications.
Online General Liability Class Codes are shown below (Index only).Ĭontinue reading for information regarding how to obtain authoritative underwriting material for general liability insurance.Įxamples of how General Liability Class Codes are used:Ī business consultant (ISO CGL Code 41677) is more vulnerable to errors that might harm a client’s revenues, whereas a carpenter (ISO CGL Code 91340) is more prone to the risk of personal injury. Want to target businesses by general liability class code? Download the USA Business Database. General Liability Class Code Business Database