General liability class codes enable insurance companies to group insureds based on the type of work being performed and to collect statistical data affecting how they will underwrite that line of business. Lookup general liability class codes. View online index of GL class codes. Learn how businesses are classified to general liability codes.

What are class codes for workers’comp insurance?

Insurance companies use class codes for more than just general liability coverage. In fact, they use workers’ compensation class codes when determining premiums for workers’ compensation insurance. There is a GL ISO code for many industries and the specific type of work each business does.

What’s the class code for a CGL policy?

If your business has ever purchased a commercial general liability policy, then you’ve probably come across a general liability class code that was assigned to your business. What you might not have known is that the class code that was assigned to your business had a very real impact on how much you ended up paying for your CGL policy.

Why are class codes important for commercial insurance?

Obviously, class codes are important because they ultimately determine how much you will be paying for your commercial general liability insurance. They provide insurers with a dose of objectivity and introduce a higher level of standardization and accuracy to the process of setting insurance premiums for businesses.

How does a class code affect an insurance quote?

Without general liability class codes, insurance companies or agents may give small businesses inaccurate business insurance quotes. That’s because the class codes can impact a business’: Insurance cost, since each code has a specific rate associated with it. Generally, a class code has a higher rate if the business operations have more risk.

Why are there 5 digit insurance classification codes?

The International Organization for Standardization (ISO) who created the codes says the codes were created, “to group insureds into classifications so that the rate for each classification reflects the hazards common to those insureds.” The ISO classification system starts with a 5-digit code that describes the industry of the insured.

Where can I find the General Liability Code?

General Liability Code Lookup General Liability Code General Liability Description 10010 Air Conditioning Equipment–Dealers or . 10015 Amusement Centers 10020 Amusement Parks 10026 Antique Stores