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What are some common general liability codes?

A:

Quick Answer

Common general liability classification codes include 10020 Amusement Parks, 10071 Automobile Parts and Supplies Stores, 11160 Computer Stores, 12841 Florists and 13673 Grocery Stores, according to Class Codes. Classification codes and definitions may vary from state to state, and each state's department of insurance publishes its own class codes.

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Full Answer

Business owners and contractors purchase general liability insurance to protect their businesses and assets from property damage, bodily injury and personal injury claims that can result from their business operations, according to Progressive Commercial. Insurance professionals use general liability classification codes to classify businesses in order to assess risk and determine the appropriate insurance rates, coverage and policy premiums for the businesses, notes Verisk Analytics.

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