Automobile Parts and Supplies Stores

What Does GL Code 10071 Cover?

ISO GL class code 10071 specifically covers retail establishments primarily engaged in selling new or used automobile parts and supplies, including accessories and tires. This class encompasses the general liability exposures associated with operating a retail store, such as customer interactions, product sales, and premises maintenance. It is designed for businesses that do not perform significant installation or repair services.

Who Uses This Class Code?

Businesses that fall under this code include dedicated auto parts retailers, automotive supply shops, tire sales outlets that do not perform installation, and stores specializing in car accessories. Examples are national chain auto parts stores, independent local auto supply shops, and specialty automotive accessory retailers.

Common GL Claims for This Class

Common general liability claims for auto parts stores include customer slip-and-fall incidents on premises, property damage caused by falling merchandise, and product liability claims arising from faulty parts sold that lead to vehicle damage or injury.

Coverage Tips for Code 10071

• Ensure your general liability policy includes product liability coverage, as defective auto parts can lead to significant claims.
• Verify that any minor installation services offered, such as wiper blade replacement, are explicitly covered or excluded by your policy to avoid coverage gaps.
• Implement robust inventory management and security measures to mitigate theft risks, which can impact property insurance rates.
• For Florida businesses, be aware of specific regulations regarding the sale of certain automotive fluids or hazardous materials, ensuring compliance to prevent regulatory fines and potential liability claims.