General Liability Class Code Business Database Learn how businesses are classified to general liability codes.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. Naturally, different types of businesses are vulnerable to various kinds and degrees of risk. General liability class codes are groups of numbers that insurance companies use to classify businesses into categories of risk, to aid them in assigning the appropriate rate, coverages, and exclusions for GL insurance.
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