Machinery or Equipment--Installation, Servicing or Repair

What Does GL Code 97223 Cover?

ISO GL class code 97223 covers businesses primarily engaged in the installation, servicing, or repair of machinery and equipment, typically at a customer's location. This class is applicable to operations that involve working on various types of industrial, commercial, or specialized equipment, including diagnostic, maintenance, and repair services. The operations classified under this code often involve exposure to the customer's property and potential for errors in service.

Who Uses This Class Code?

This code applies to a diverse range of businesses such as industrial machinery repair services, HVAC system installers and repairers, commercial kitchen equipment technicians, agricultural equipment service providers, and specialized medical equipment maintenance companies. It also includes firms that install and service manufacturing line equipment, printing presses, and heavy construction machinery.

Common GL Claims for This Class

Common claims for machinery service and repair businesses include property damage to the customer's premises during installation or repair, such as accidental damage to floors, walls, or existing infrastructure. Another frequent claim type involves errors in servicing that lead to equipment malfunction, causing business interruption or further damage to the customer's operations.

Coverage Tips for Code 97223

• Ensure proper training and certification for technicians; inadequate training can lead to errors, property damage, and increased liability.
• Verify sub-contractor insurance: If using subcontractors, ensure they carry their own General Liability and name your business as an additional insured to prevent coverage gaps from their negligence.
• Implement robust contract review: Clearly define scope of work, liability limitations, and hold-harmless agreements in all service contracts to mitigate potential claims.
• Consider tools and equipment coverage: While not GL, inland marine coverage for tools and equipment is crucial, especially for mobile operations, to protect against theft or damage to essential assets.