What is the class code 20410 for General Liability?

Answer 1

Class code 20410 typically refers to a specific classification used in workers' compensation and general liability insurance, often associated with businesses that provide certain services or engage in specific activities. This code helps insurers assess the risk and determine premiums based on the nature of the business operations. It's essential for businesses to use the correct class code to ensure they are adequately covered and to avoid potential issues with claims. Always consult with an insurance professional for precise classification details and implications.