Commercial General Liability (CGL) class code 97111 is for logging and lumbering. This code covers businesses that are involved in the logging and lumbering industry, including the following:
- Logging operations
- Lumber mills
- Planing mills
- Veneer mills
- Wood chip mills
- Pulp mills
- Paper mills
CGL insurance for logging and lumbering provides coverage for bodily injury, property damage, and advertising injury claims. Bodily injury claims are those that are made by someone who is injured as a result of the logging or lumbering company's negligence. Property damage claims are those that are made by someone who has their property damaged as a result of the logging or lumbering company's negligence. Advertising injury claims are those that are made by someone who has their reputation damaged as a result of the logging or lumbering company's negligence.
CGL insurance for logging and lumbering is an important part of protecting your business from financial losses. If you are a logging or lumbering company, it is important to have CGL insurance in place. This will help to protect you from the financial costs of lawsuits and claims.
Here are some additional things to keep in mind about CGL insurance for logging and lumbering:
- The coverage limits of your CGL insurance policy will determine how much you are covered for in the event of a claim. It is important to make sure that your coverage limits are high enough to protect your business.
- Your CGL insurance policy may have exclusions that will not cover certain types of claims. It is important to read your policy carefully to understand what is and is not covered.
- You may need to purchase additional coverage, such as pollution coverage or errors and omissions coverage, to fully protect your business.
If you are a logging or lumbering company, it is important to speak with an insurance agent to get a CGL insurance policy that meets your needs.
Here are some examples of claims that may be covered under CGL class code 97111:
- A worker is injured in a logging accident.
- A neighbor's property is damaged by a logging truck.
- A customer is injured by a defective piece of lumber.
- A customer's business is damaged by a fire that started at a lumber mill.
- A customer's reputation is damaged by false advertising about the company's products.
It is important to note that not all claims will be covered under CGL class code 97111. For example, claims that are caused by intentional acts or that are excluded from the policy will not be covered. It is important to read the policy carefully to understand what is and is not covered.