What is the basis of premium for GL code 98002?

GL class code 98002 is typically rated on payroll. Your carrier will audit your actual payroll at policy expiration and adjust the premium accordingly.

Do I need general liability insurance for mining?

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

98002

Mining

Mining operations including underground and surface mining.

Category:Other Services

System

ISO

Code

98002

Basis

payroll

State

Florida

What Does GL Code 98002 Cover?

ISO GL class code 98002 covers mining. 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 payroll, meaning your policy premium is calculated based on your payroll.

Basis of Premium: Payroll

GL policies rated on payroll use your total annual payroll as the exposure base. Your carrier will apply a rate per $100 of payroll to calculate your premium. At policy expiration, your carrier will audit your actual payroll and adjust the final premium.

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We work with multiple admitted carriers to find the best GL rate for code 98002.

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Code Details

Code: 98002
System: ISO
Category: Other Services
Basis: payroll
FWC Eligible: Check with agent

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