Mail Box or Packaging Stores

What Does GL Code 15173 Cover?

ISO GL class code 15070 covers businesses primarily engaged in providing mail receiving services, packaging, and shipping services. This includes operations that offer private mailbox rentals, package drop-off and pickup, and various packing and shipping solutions for individuals and businesses. The code classifies the general liability exposures associated with customer interactions, handling of goods, and premises liability within these retail service environments.

Who Uses This Class Code?

This code applies to businesses such as independent mail and parcel centers, franchised shipping stores like The UPS Store or FedEx Office (for their mailbox and packaging services), and local businesses offering postal and shipping solutions. It also includes establishments that provide notary services, faxing, and other ancillary business support services alongside their core mail and packaging operations.

Common GL Claims for This Class

Common GL claims for mail and packaging stores include customer slip-and-fall incidents on the premises, damage to customer packages during handling or storage, and allegations of lost or misdirected mail leading to financial loss for the customer.

Coverage Tips for Code 15173

• Ensure your General Liability policy doesn't exclude coverage for damage to customers' packages or mail while they are in your possession. Consider a Bailee's Customer policy if your GL has this exclusion.
• Maintain accurate records of gross receipts, as this is the basis for premium calculation. Discrepancies can lead to significant audit adjustments.
• Implement clear signage for wet floors and maintain well-lit, clutter-free customer areas to mitigate slip-and-fall risks, a common claim in retail environments.
• Develop a robust hurricane preparedness plan for securing customer mail and packages, as damage during severe weather events can lead to significant liability claims.