Laboratories--Research, Development or Testing--Other Than Not-For-Profit

What Does GL Code 97002 Cover?

ISO GL class code 97002 covers commercial laboratories engaged in research, development, or testing activities that operate on a for-profit basis. This code specifically classifies entities performing scientific investigations, product development, quality control testing, or analytical services for various industries. It encompasses the general liability exposures associated with laboratory operations, including premises liability and product liability for services rendered.

Who Uses This Class Code?

Businesses that fall under this code include contract research organizations (CROs), independent testing facilities, product development labs, environmental testing services, pharmaceutical research companies, and materials science laboratories. These are typically for-profit entities providing specialized scientific or technical services to clients.

Common GL Claims for This Class

Common claims include bodily injury from chemical spills or equipment malfunctions on premises, property damage to client samples or equipment, and product liability claims arising from faulty testing results leading to client losses or third-party harm.

Coverage Tips for Code 97002

• Ensure your policy includes professional liability (E&O) coverage, as errors in research or testing results can lead to significant financial damages for clients.
• Verify that your general liability policy has adequate coverage for product liability, especially if your testing or development work contributes to a client's final product.
• Be aware of specific exclusions related to pollution liability; consider a separate environmental impairment liability policy if handling hazardous materials.
• Maintain meticulous records of all research, development, and testing procedures, as these are crucial for defense in the event of a claim.