Marine Engine Installation or Repair
Installation and repair of marine engines and propulsion systems.
System
ISO
Code
51422
Basis
gross receipts
State
Florida
Florida Note: High demand in Florida due to the state's large recreational boating industry.
What Does GL Code 51422 Cover?
ISO GL class code 51422 covers marine engine installation or repair. 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.
Get a GL Quote
We work with multiple admitted carriers to find the best GL rate for code 51422.
Get a QuoteCall (239) 323-0785Code Details
- Code
- 51422
- System
- ISO
- Category
- Manufacturing
- Basis
- gross receipts
- FWC Eligible
- Check with agent
Ready to Get Covered Under Code 51422?
Bright Coast Insurance works with multiple admitted carriers in Florida to find the best GL rate for your business class. Get a quote in minutes.