Elevator or Escalator Inspecting, Installation, Servicing or Repair

What Does GL Code 92593 Cover?

ISO GL class code 92593 classifies businesses involved in the inspection, installation, servicing, or repair of elevators and escalators. This code covers the general liability exposures associated with these specialized operations, including risks related to property damage during work, completed operations, and potential bodily injury from faulty equipment or maintenance. It is designed for contractors whose primary business is focused on vertical transportation systems.

Who Uses This Class Code?

This code applies to elevator installation companies, escalator maintenance and repair services, elevator modernization contractors, and independent elevator inspectors. Businesses specializing in the routine servicing, emergency repairs, and new construction installations of both passenger and freight elevators, as well as escalators and moving walkways, fall under this classification.

Common GL Claims for This Class

Common claims include bodily injury due to equipment malfunction after servicing, property damage caused by tools or materials falling during installation, and claims arising from improper inspection leading to an accident.

Coverage Tips for Code 92593

• Ensure your policy includes adequate completed operations coverage, as many claims arise after the elevator or escalator has been returned to service.
• Verify that all subcontractors carry their own General Liability insurance with limits equal to or greater than yours, and require them to name your company as an additional insured.
• Maintain meticulous records of all inspections, maintenance, and repairs, as these documents are crucial for defense in the event of a liability claim.
• Review your policy for exclusions related to design defects or professional liability, as these may require separate Errors & Omissions (E&O) coverage.