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Class code 41715 typically pertains to general liability insurance for contractors involved in the installation of Plumbing, heating, and air conditioning systems. The rating basis for this class code usually considers factors such as the contractor's annual payroll, the type of work performed, the degree of risk associated with the operations, and the geographic location of the business. Insurers evaluate these factors to determine the appropriate premium and coverage limits for the specific risks involved in the contractor's operations. Always consult with an insurance professional for the most accurate and tailored information.
What else can I help you with?
What is rating basis for general liability with respect to foreign sales?
domestic and foreign
What is the general liability class code for dwellings owned by insured?
63010 for Dwellings - Single Family. Rating basis is the area of the dwelling.
What is the general liability rating basis for class code 10065?
Class code 10065 typically corresponds to "Manufacturers of Wood Products," which includes businesses involved in the manufacturing of various wood products, such as furniture and cabinetry. The general liability rating basis for this class code takes into account factors such as the specific type of wood products manufactured, the production processes used, and the associated risks of injury or property damage. Insurers evaluate these factors to determine appropriate premiums and coverage limits.
Is Primary and Non Contributory Basis applicable on Professional Liability Policy?
The Primary and Non-Contributory Basis typically applies to general liability policies, but its applicability to professional liability policies can vary based on the specific terms of the policy and the agreements in place. In general, a professional liability policy may not inherently include this provision unless explicitly stated. It's important to review the policy wording and consult with the insurer or a legal expert to determine how these terms apply in a specific context.
What is the basis for strict liability?
idfk
How do you define asset and liability?
An asset makes a profit, either on a periodic basis, or when you sell the asset. A liability is an expence on a periodic basis, or a loss is made when disposed off.ORAn asset is something which we own and liability is something which we owe.
What is class code 31008 for General Liability Insurance and premium basis?
Class code 31008 typically refers to General Liability Insurance coverage for contractors or businesses involved in construction-related activities, such as general contracting or subcontracting. The premium basis for this class code is often determined by the contractor's payroll, sales, or a combination of both, depending on the specific operations and risk factors involved. Premiums are calculated based on the likelihood of claims, the nature of the work, and the business's size, ensuring appropriate coverage for potential liabilities.
Is it true that the creation of an extreme risk is a primary basis for the imposition of strict liability?
True
What is the legal basis for most of the current lawsuits Negligence Product liability or breach of contract?
negligence
The common law rule that was developed on the basis of the legal status of entrants onto private property and that protected landowners from liability for injuries suffered?
The common law rule that was developed on the basis of the legal status of entrants onto private property and that protected landowners from liability for injuries suffered a liability of problems that if i wrote them all down, it would take 2220 days to complete.
What is ISO CG 2504 form?
CG2422 10/01 Amendment of Coverage Territory - Worldwide Coverage which amends the definition of Coverage Territory to read: "Coverage territory" means anywhere in the world with the exception of any country or jurisdiction which is subject to trade or other economic sanction or embargo by the United States of America. This language broadens the coverage territory to include claims filed anywhere in the world not excluded by federal law.
What is merit rating and what its uses and methods?
1. Insurance: Computing premium on a policy (such as for auto insurance) on the basis of an insured's loss record. 2. HR: System of rating employees on the basis of factorssuch as absenteeism, adaptability, attitude, health, length of service, punctuality, and safety record
