Variety Stores--Other Than Not-For-Profit

What Does GL Code 18911 Cover?

ISO GL class code 18911 covers retail establishments primarily engaged in selling a wide range of general merchandise, often at discounted prices, but not operating as not-for-profit entities. This includes stores offering diverse products such as household goods, apparel, toys, and small electronics, focusing on broad appeal rather than specialized inventory. Operations classified under this code involve typical retail activities like sales, inventory management, and customer service within a physical store setting.

Who Uses This Class Code?

Businesses that fall under this code include general merchandise stores, discount stores, dollar stores, and small department stores that offer a broad assortment of consumer goods. Specific examples are retailers like Dollar General, Family Dollar, Five Below, or independent variety shops selling a mix of everyday items.

Common GL Claims for This Class

Common general liability claims for variety stores include customer slip-and-fall accidents due to spills or cluttered aisles, injuries from falling merchandise, and product liability claims arising from defective goods sold in the store.

Coverage Tips for Code 18911

• Ensure your policy includes adequate coverage for slip-and-fall incidents, which are common in high-traffic retail environments with diverse product displays.
• Review your inventory valuation method with your insurer to ensure proper coverage for stock, especially for seasonal or high-turnover merchandise.
• Implement robust security measures, including surveillance and alarm systems, to mitigate theft risks and potentially reduce insurance premiums.
• Understand that product liability coverage is crucial for variety stores selling a wide array of goods, as defects in any product sold could lead to claims.