What is the basis of premium for GL code 59161?

GL class code 59161 is typically rated on gross receipts. Your carrier will audit your actual gross receipts at policy expiration and adjust the premium accordingly.

Do I need general liability insurance for food products?

Most Florida businesses benefit from general liability insurance. Many industries require it by contract, license, or permit. Contact Bright Coast Insurance at (239) 323-0785 to discuss your specific GL requirements.

GL Class Code Lookup

59161

Food Products--Manufacturing--NOC

General food products manufacturing operations not otherwise classified.

Category:Manufacturing

System

ISO

Code

59161

Basis

gross receipts

State

Florida

What Does GL Code 59161 Cover?

ISO GL class code 59161 covers food products--manufacturing--noc. This code is used by insurance carriers to classify and rate commercial general liability policies for this type of business operation. The basis of premium is gross receipts, meaning your policy premium is calculated based on your gross receipts.

Basis of Premium: Gross receipts

GL policies rated on gross receipts use your total annual revenue as the exposure base. Your carrier will apply a rate per $1,000 of gross receipts to calculate your premium. At policy expiration, your carrier will audit your actual receipts and adjust the final premium.

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We work with multiple admitted carriers to find the best GL rate for code 59161.

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Code Details

Code: 59161
System: ISO
Category: Manufacturing
Basis: gross receipts
FWC Eligible: Check with agent

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