0
Answer
Sales, payroll, number of professionals on staff, prior claim activity, years in business, types of services performed, geographic region and litigation history of the region, risk prevention methods you use to combat lawsuits.
Answer
this depends on the type of business it is. Some are rated on sales, area, tickets sold, etc...need more specific information It also depends on the company providing the policy. Some rate on sales, payroll, area, etc. What type of business are you talking about and that will help? Your state insurance department is your best resource for insurance-related questions and concerns. Find information on insurance companies and agents, rate quotes and comparisons, insurance buying tips, claims filing information and much more!
What else can I help you with?
You are starting a residential cleaning business Should you get general liability insurance or professional liability insurance?
You need a commercial general liability policy.
What is general liability code 55649?
General liability code 55649 typically refers to a specific classification used in insurance underwriting to categorize risks associated with certain types of businesses or activities. This code may pertain to a particular industry or service, impacting the coverage options and premiums for general liability insurance. For precise details, it's best to consult with an insurance professional or reference the classification system used by your insurance provider.
What is general liability code 65124?
General liability code 65124 typically refers to a specific classification within the insurance industry that pertains to coverage for businesses. This code often relates to certain risks associated with businesses, particularly in sectors such as construction or manufacturing. It helps insurers assess the level of risk and determine appropriate premiums for general liability insurance policies. For precise details, it’s advisable to consult the relevant insurance documentation or a professional in the field.
What is the General Liability Class Code 91583?
General Liability Class Code 91583 typically pertains to businesses involved in "Contractors—Residential." This code is used to classify contractors who work on residential properties, including various trades such as plumbing, electrical work, and general contracting. It helps insurers assess risk and determine premiums for liability coverage based on the nature of the contractor's work. Always check with an insurance professional for specific details and applicability to your situation.
What exactly is general liability?
General liability means that your friend has been found responsible for something. Liability is usually an insurance term, it means they pay for damages to other peoples property or self.
Are defense expenses paid in a contractors professional liability policy?
A Professional liability insurance Policy, as well as a contractors General Liability Insurance policy will provide coverage for the cost of legal defense.
What is the complete definition for general liability class code 91746?
General liability class code 91746 typically refers to "Professional Liability - Computer Consulting." This classification is used for businesses that provide consulting services related to computer systems, software, and technology. It covers risks associated with errors, omissions, and negligence in the services provided to clients. This code helps insurers assess the specific risks and establish appropriate premiums for businesses in this sector.
What is general liability classification code 99315?
General liability classification code 99315 pertains to "Contractors – Residential." This code is typically used for businesses involved in residential construction, including general contractors, remodelers, and specialty trades. It is important for insurance underwriting, as it helps assess risk and determine appropriate premiums for contractors working on residential projects. Always consult with an insurance professional for specific applications and coverage details.
If you have Professional liability insurance why do you need general liability insurance?
Professional liability insurance will protect you against lawsuits arising from your actual professional services rendered. Suppose you have a consulting business, and you are sued for providing incorrect information, that would be a professional liability. Insurance agents and accountants need a similar coverage called Errors and Omissions. Doctors and Lawyers need Malpractice... General liability pertains more to premises coverage for your place of business, to protect you against situations like a slip and fall. General liability would also cover any damages or bodily injury that your business caused while at a customer's location. It would also cover you for your products or completed operations of your business. Most general liability policies specifically exclude professional liability.
What public liability is need for fitness classes?
General Liability Insurance is what is needed for the Class Facility or Premises location where the classes are held. General Liability Insurance provides coverage for slip and fall and other premise related claims.Professional Liability Insurance should be obtained for the Instructors. Professional Liability provides coverage for claims related to malpractice and competency of the professional instructor.Answerschools
Is there a professional liability insurance for a Residential contractor in SC?
What your looking for is Commercial General Liability Insurance for contractors, not professional liability insurance.And Yes. Almost any Commercial lines carrier will provide CGL coverage as well..
What is general liability class code 65198?
General liability class code 65198 typically pertains to businesses involved in the manufacturing or distribution of products, specifically those related to the apparel industry, such as clothing or accessories. This code helps insurers categorize the risk associated with liability claims that may arise from the sale of such products. Accurate classification is important for determining insurance premiums and coverage. Always consult with an insurance professional for specific details related to your business and coverage needs.
