General liability insurance is a type of insurance that covers the company's legal responsibility for injury or property damage caused by their employees and/or work. The general liability class codes help to determine the amount you pay for your policy. There are four different types of general liability, including Public Liability, Products Liability, Professional/Errors and Omissions Liability, and Business Owner's Policy. Each one has its own classification code. When determining the cost of your policy, it is important to know what class code best suits you and your company. Learn more about general liability class codes below!
The Different Types of General Liability
Public Liability
This type of general liability insurance is for a company's legal responsibility to any person or entity for injuries or property damage caused by their employees, work, or products.
Products Liability
This type of general liability covers the company's legal responsibility to any person or entity for injuries or property damage due to a product that was designed, manufactured, packaged, and/or sold by the company.
Professional/Errors and Omissions Liability
This type of general liability covers the company's legal responsibility to any person or entity for injuries or property damages caused by their work. This includes medical malpractice and negligent acts committed by an employee.
General Liability Class Codes
The general liability class codes help to determine the amount you pay for your policy. There are four different types of general liability, including Public Liability, Products Liability, Professional/Errors and Omissions Liability, and Business Owner's Policy. Each one has its own classification code.
When determining the cost of your policy, it is important to know what class code best suits you and your company.
P&O insurance covers professional negligence claims (e.g., medical negligence) and errors & omissions claims (e.g., for a product that was not properly tested). The classification code for Professional/Errors & Omissions Liability is A01B.
Public liability covers property damage that occurs from bodily injury or death caused by the company's operations or employees' conduct related to those operations. The class codes for public liability include P00A and P08C.
Public Liability Class Codes
This class of liability covers the company's legal responsibility for injuries or property damage caused by their employees and/or work. The class codes are typically used to determine what your policy will cover.
There are four general liability classes, including Public Liability, Products Liability, Professional/Errors and Omissions Liability, and Business Owner's Policy. Each one has a classification code that determines the cost of your policy.
Public Liability: CGL-05
Products Liability: CGL-06
Professional/Errors and Omissions Liability: CGL-07
Business Owner's Policy: CGL-08
Products Liability Class Codes
The Products Liability class codes help to determine the amount you pay for your policy. There are four different types of general liability, including Public Liability, Products Liability, Professional/Errors and Omissions Liability, and Business Owner's Policy. Each one has its own classification code. When determining the cost of your policy, it is important to know what class code best suits you and your company.
Class Code Description
A1 A product or a part thereof is defective because of an error in design or manufacture
B4 A product or a part thereof is defective because of an error in design or manufacture which was unknown to the seller at the time of sale
C2 The defectiveness of a product arises from its lack of safety– that is, there is danger to life or limb–or from some other serious harm caused by use (amount paid per occurrence multiplied by number of occurrences)
D3 The injury arises when a person uses a product in any way if it malfunctions—that is, if it lacks safety–which can cause serious harm (amount paid per occurrence multiplied by number of occurrences)
Professional/Errors and Omissions Liability Class Codes
Public Liability
Class Codes – G11 and G12
This class covers the general liability of a business for injuries or property damage caused by its employees. The class codes are used to determine the amount you pay for your policy.
Professional/Errors and Omissions Liability
Class Codes – B01, B02, B03, and B04
This class covers legal responsibility for injuries or property damage caused by professional personnel, such as doctors, dentists, architects, engineers, etc. It is also applicable to non-professionals who have been hired by a company to perform work on behalf of the company.
Products Liability Class Codes – A01 and A02
This class covers the liability of a business for injuries or property damage caused by their products. The class codes are used to determine the amount you pay for your policy.
Business Owner's Policy Class Codes.
Public Liability Class Code: 1
Products Liability Class Code: 2
Professional/Errors and Omissions Liability Class Code: 3
Business Owner's Policy Class Code: 4
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