antalek Moore

The Importance of Business Classification for Insurance Purposes

A recent lawsuit involving a landscaping company and its insurance agency brings to light an important issue: the classification of businesses for insurance purposes. General liability codes are used by insurance companies to classify businesses according to the risks the insured company may face. In short, classification codes help determine the appropriate cost for insurance policies.

General liability codes impact the premiums a business must pay in order to receive coverage. These codes are also used to exclude coverage for certain types of claims (as in the landscaping company incident). In this case, the landscaping company’s long-time insurance agency failed to clearly communicate classification codes to its client, resulting in a battle with the insurer over liability and coverage.

A trusted insurance agency works with its clients to assess the type of coverage needed from an insurance policy, and provide coverage at a competitive rate. To learn what policies are best suited for your business, contact one of our expert insurance agents today at (845) 831-4300 to learn more.


Disclaimer: This content is not intended to describe any specific coverage offered by Antalek & Moore Insurance. No coverage is provided, bound, or guaranteed by this article. Available coverages, credits, and discounts vary from state to state and are subject to eligibility criteria and policy terms/conditions, which will control in the event of conflict between this article and your insurance policy. For information about your policy, please review your individual policy contract and speak with your insurance representative.


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