What is the basis of premium for GL code 55412?

GL class code 55412 is typically rated on gross receipts. Your carrier will audit your actual gross receipts at policy expiration and adjust the premium accordingly.

Do I need general liability insurance for embroidery?

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

55412

Embroidery

Embroidery operations for apparel, promotional products, and custom textile work.

Category:Manufacturing

System

ISO

Code

55412

Basis

gross receipts

State

Florida

What Does GL Code 55412 Cover?

ISO GL class code 55412 covers embroidery. 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.

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We work with multiple admitted carriers to find the best GL rate for code 55412.

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Code Details

Code: 55412
System: ISO
Category: Manufacturing
Basis: gross receipts
FWC Eligible: Check with agent

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Ready to Get Covered Under Code 55412?

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