Commercial General Liability (CGL) class code 97220 is for machine shops. This code covers businesses that use machines to create finished parts, assemblies, or even large scale structures.
The services that are typically covered under CGL class code 97220 include:
- Machining of metals
- Machining of plastics
- Machining of wood
- Machining of composites
- Machining of other materials
CGL insurance for machine shops 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 machine shop's negligence. Property damage claims are those that are made by someone who has their property damaged as a result of the machine shop's negligence. Advertising injury claims are those that are made by someone who has their reputation damaged as a result of the machine shop's negligence.
CGL insurance for machine shops is an important part of protecting your business from financial losses. If you are a machine shop, 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 machine shops:
- 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 machine shop, 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 97220:
- A worker is injured while operating a machine at a machine shop.
- A neighbor's property is damaged by a machine that is being operated at a machine shop.
- A customer is injured while using a machine that is being operated at a machine shop.
- A customer's business is damaged by a fire that starts at a machine shop.
- A customer's reputation is damaged by false advertising about the company's services.
It is important to note that not all claims will be covered under CGL class code 97220. 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.