Commercial General Liability class code 94617 is for Freight Forwarders or Handlers--Other Than Packing, Handling or Shipping Explosives or Ammunition under Contract. This code covers businesses that forward or handle freight other than explosives or ammunition under contract. The code includes the following activities:
- Receiving freight
- Storing freight
- Packing freight
- Unpacking freight
- Loading freight onto vehicles
- Unloading freight from vehicles
- Transporting freight
- Delivering freight
CGL insurance provides coverage for bodily injury, property damage, and advertising injury claims arising out of the insured's business activities. Class code 94617 is a general liability code, so it does not cover all of the risks associated with freight forwarding or handling. For example, this code does not cover the following risks:
- Damage to freight caused by improper handling
- 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 forward or handle freight 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 freight forwarding or handling company:
- The types of freight the company forwards or handles
- The locations where the company forwards or handles freight
- The types of vehicles the company uses to transport freight
- The company's safety record
- The company's financial stability
By carefully considering these factors, businesses in the freight forwarding or handling industry can purchase CGL insurance that meets their needs and provides the protection they need.