Electric Light or Power Companies

What Does GL Code 92445 Cover?

ISO GL class code 92445 covers electric light or power companies involved in the generation, transmission, and distribution of electricity. This class specifically addresses the general liability exposures associated with operating power plants, maintaining extensive grid infrastructure, and delivering electrical services to consumers and businesses. It encompasses the broad range of activities from power production to the final point of delivery.

Who Uses This Class Code?

This code applies to large-scale electric utility companies, municipal power authorities, rural electric cooperatives, and independent power producers. It also includes businesses primarily engaged in operating power generation facilities, managing high-voltage transmission lines, and maintaining local distribution networks.

Common GL Claims for This Class

Common GL claims for electric utilities include electrocution or injury to third parties from downed power lines or faulty equipment, property damage caused by power surges or electrical fires, and environmental damage from transformer leaks or other operational incidents.

Coverage Tips for Code 92445

• Ensure robust property damage coverage for infrastructure, especially against severe weather events like hurricanes common in Florida.
• Verify your policy includes coverage for sudden and accidental pollution events, given the environmental risks associated with power generation and transmission.
• Implement comprehensive safety protocols and training for all field personnel to mitigate electrocution and injury claims, which are frequent in this industry.
• Regularly review contractual agreements with subcontractors to ensure they carry adequate insurance and name your utility as an additional insured, protecting against third-party liabilities.