Commercial General Liability (CGL) class code 91127 is for Alarm Installation, Service or Repair. This code covers businesses that install, service, or repair burglar and fire alarms, security systems, and other types of alarms. The code includes the following activities:
- Installing burglar and fire alarms
- Servicing burglar and fire alarms
- Repairing burglar and fire alarms
- Installing security systems
- Servicing security systems
- Repairing security systems
CGL insurance provides coverage for bodily injury, property damage, and advertising injury claims arising out of the insured's business activities. Class code 91127 is a general liability code, so it does not cover all of the risks associated with installing, servicing, or repairing alarms. For example, this code does not cover the following risks:
- Damage to alarms caused by improper installation, service, or repair
- Damage to property caused by burglaries or fires
- Bodily injury or property damage caused by electrical shock
- Bodily injury or property damage caused by explosions or fires
Businesses that install, service, or repair alarms should carefully consider their insurance needs and purchase an appropriate policy. Here are some of the things to consider when purchasing CGL insurance for an alarm company:
- The size and type of alarms the company installs, services, or repairs
- The locations where the company installs, services, or repairs alarms
- The types of materials the company uses to install, service, or repair alarms
- The company's safety record
- The company's financial stability
By carefully considering these factors, businesses in the alarm industry can purchase CGL insurance that meets their needs and provides the protection they need.