Sign Erection, Installation or Repair
Contractors who erect, install, or repair signs.
System
ISO
Code
98993
Basis
gross receipts
State
Florida
Florida Note: In Florida, sign contractors may need to be licensed depending on the scope and type of work, particularly for electrical signs, which fall under electrical contractor licensing. The Florida market for this class can be competitive, with carriers scrutinizing experience and safety protocols due to the inherent risks of working at heights and with heavy equipment.
What Does GL Code 98993 Cover?
ISO GL class code 98993 specifically covers businesses engaged in the erection, installation, or repair of all types of signs, including electric, neon, and non-electric signs. This class encompasses the risks associated with working at heights, using heavy equipment, and potential property damage during installation or maintenance. It classifies operations ranging from small storefront sign mounting to large billboard construction and repair.
Who Uses This Class Code?
This code applies to sign installation contractors, neon sign repair services, billboard erection companies, awning installers, and businesses specializing in the maintenance of commercial signage. Companies that fabricate signs but also perform their own installation work would also fall under this classification.
Common GL Claims for This Class
Common general liability claims for sign erection businesses include property damage caused by falling signs or equipment during installation, bodily injury to third parties from unsecured work sites, and damage to underground utilities during excavation for sign foundations.
Coverage Tips for Code 98993
- Ensure your policy includes coverage for work performed at heights, as many sign installations involve elevated risks and specialized equipment.
- Verify that your general liability policy extends to cover potential property damage to third-party property during the installation or removal process.
- For operations involving subcontractors, always require them to carry their own general liability insurance and name your business as an additional insured.
- Be aware of Florida's specific permitting requirements for sign installation, as non-compliance can lead to fines and coverage issues.
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.
Get a GL Quote
We work with multiple admitted carriers to find the best GL rate for code 98993.
Get a QuoteCall (239) 323-0785Code Details
- Code
- 98993
- System
- ISO
- Category
- Contractors & Trades
- Basis
- gross receipts
- FWC Eligible
- Check with agent
Ready to Get Covered Under Code 98993?
Bright Coast Insurance works with multiple admitted carriers in Florida to find the best GL rate for your business class. Get a quote in minutes.