Commercial General Liability (CGL) class code 97221 is for the installation, servicing, repair, or erection of machinery or equipment on farms. This code covers businesses that provide these services to farmers and other agricultural producers.
The services that are typically covered under CGL class code 97221 include:
- The installation of new machinery or equipment
- The servicing of existing machinery or equipment
- The repair of damaged machinery or equipment
- The erection of new buildings or structures that house machinery or equipment
CGL insurance for machinery or equipment installation, servicing, repair, or erection on farms 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 company's negligence. Property damage claims are those that are made by someone who has their property damaged as a result of the company's negligence. Advertising injury claims are those that are made by someone who has their reputation damaged as a result of the company's negligence.
CGL insurance for machinery or equipment installation, servicing, repair, or erection on farms is an important part of protecting your business from financial losses. If you are a company that provides these services to farmers and other agricultural producers, 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 machinery or equipment installation, servicing, repair, or erection on farms:
- 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 company that provides machinery or equipment installation, servicing, repair, or erection on farms, 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 97221:
- A worker is injured while installing a new piece of machinery on a farm.
- A neighbor's property is damaged by a piece of equipment that is being repaired on a farm.
- A customer is injured while using a piece of equipment that is being serviced on a farm.
- A customer's business is damaged by a fire that starts at a farm where equipment is being erected.
- 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 97221. 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.