“I am looking at a Country Club and want to confirm what sales or revenue is used when rating and auditing the GL Class Code 11138 – Clubs Country or Golf? Regards.” Greg, underwriter.
Good question… much confusion occurs around whether or not one time initiation fees and annual dues. One time initiation fees should NOT be included in class code 11138 – Clubs Country or Golf, but any annual dues or additional assessment are included. Also included in code 11138 is any golf charges, driving range revenues, golf cart rentals, golf lessons, etc.. Swimming pools, pro-shops, and any restaurants and refreshment stands should be separately classified.
“I am looking to insure a drywall contractor who sometimes installs the wooden studs for the walls where they drywall will be attached, should this be separately classified to code 91340 – Carpentry – construction of residential property, or would this be incidental to code 92338 – Dry Wall or Wallboard Installation?” Michael P,…
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Under the current administration there has been a bigger push toward “Green” energy. As a result, I recently came across a classification at a Premium Audit that I was not familiar with…. Wind Turbine Contractors – Installation, Service, or Repair; on Shore Code 99084 (for off shore code 99085). This classification contemplates the erection, installation,…
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Just wanted to let everyone know about the upcoming Premium Audit Seminars…. — IAASE Annual Seminar May 6-8, 2012, Doubletree Hotel Atlanta – Buckhead Atlanta, GA For more information… http://www.iaase.net/aws/NSIPA/pt/sp/iaase_annualseminar —IAACS Annual Seminar May 6-8, 2012, Casino & Conference Center, St Louis, MO For more information… http://associationdatabase.com/aws/NSIPA/pt/sd/calendar/19440/_blank/layout_details/false Both conferences should be packed with information to help…
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I visited a drywall contractor that does not have any employees who install the drywall as all of the work is performed by subcontractors the insured hires. The insured has the drywall directly shipped to the job sites or to the subcontractor. The insured does have a few employees who work in the shop and…
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Could someone please address exposure for an Alternate Employer endorsement? Do I need isolated payroll and how much info do I need for the description of operations?
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I am working on an audit where the premium basis is Gross Sale and would appreciate some feedback. The insured sells products that are invoiced to it customer in the United States but the product is shipped directly to Mexico by the insured. Are these foreign sales and should they be deducted from the total…
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I recently visited a company that manufactures power factor correction equipment. The insured’s equipment is purchased and used by company whose manufacturing operations involve large motors. The insured’s equipment ensures the large motors are running in the most efficient manner. The insured makes low voltage equipment, medium voltage products, capacitor banks that improves power…
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I recently visited a restaurant to do a general liability premium audit. Included in the sales figures were free meals to employees and managers. Should these sales be included or excluded ? Thanks.
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For general liability code #: 61226 “Building or Premises:, what does the premium basis “G” represent? Thank You,
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General Liability Premium Audit… Can Handyman code 95625 be used for work being done at commercial properties? If not, what is a good GL code for a company that does property maintenance at office and industrial buildings? They paint, clean up parking lot, change locks, do drywall repairs, replace door hinges, etc.
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As a premium auditor I use three different methods to try and schedule my audit premium audit appointments; calling the insureds, mailing premium audit appointment letters or postcards, or emailing the insured an appointment letter. Calling and talking to the insured is a great way to schedule a appointment. The main advantage of this method is obtaining a…
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I recently performed an general liability audit on a general contractor (ABC Contracting) who hired a an adequately insured subcontractor (DEF Contracting) to fabricate and install I-beams. The subcontractor (DEF Contracting) performed the fabrication work themselves, but then hired another subcontractor (XYZ Construction) to do the installation work. The installation contractor (XYZ Construction) provided a certificate of insurance…
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During the policy period the insured had 53 pay periods due to how the insured’s pay periods and check dates fell. As a result, next year policy period will only 51 pay periods within the policy period. Should I include all 53 pay periods in this year’s audit or only pick up the normal 52…
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A general contractor had a construction project on a military base in Germany. Would the payroll from this project be excluded since the work was performed in a foreign country even though the military base is under the complete control of the United States military. Could a claim that occurred on the military base in…
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