Commercial General Liability (CGL) class code 94404 is for Fireproofing--Structures. This code covers businesses that apply fireproofing materials to structures. The code includes the following activities:
- Applying fireproofing materials
- Repairing fireproofing materials
- Maintaining fireproofing materials
CGL insurance provides coverage for bodily injury, property damage, and advertising injury claims arising out of the insured's business activities. Class code 94404 is a general liability code, so it does not cover all of the risks associated with fireproofing structures. For example, this code does not cover the following risks:
- Damage to property caused by the release of hazardous materials
- Bodily injury or property damage caused by explosions or fires
- Bodily injury or property damage caused by the use of radioactive materials
Businesses that apply fireproofing materials to structures should carefully consider their insurance needs and purchase an appropriate policy. Here are some of the things to consider when purchasing CGL insurance for a fireproofing company:
- The types of structures the company fireproofs
- The locations where the company fireproofs structures
- The types of fireproofing materials the company uses
- The company's safety record
- The company's financial stability
By carefully considering these factors, businesses in the fireproofing industry can purchase CGL insurance that meets their needs and provides the protection they need.