What is the general liability class code 49451 for?

Answer 1

General liability class code 49451 typically pertains to businesses involved in the wholesale distribution of goods, specifically those that do not fit into more specialized categories. This code is used by insurers to assess risk and determine premiums based on the nature of the business activities. It is important for businesses to select the correct class code to ensure appropriate coverage and compliance with insurance requirements. Always consult with an insurance professional for the most accurate information regarding your specific situation.