Waterproofing

What Does GL Code 99955 Cover?

ISO GL class code 99955 classifies contractors primarily engaged in waterproofing operations, which includes applying sealants, membranes, and other materials to prevent water penetration in structures. This code covers businesses performing both interior and exterior waterproofing services for foundations, basements, roofs, and other building components. It specifically addresses the general liability exposures associated with these specialized construction activities.

Who Uses This Class Code?

This code is utilized by a variety of specialized contractors such as basement waterproofing companies, foundation waterproofing specialists, exterior wall sealing contractors, and roof membrane installers. Businesses offering moisture control solutions for residential, commercial, and industrial properties typically fall under this classification. It also includes firms that apply protective coatings to prevent water damage.

Common GL Claims for This Class

Common claims for waterproofing businesses include property damage from water leaks due to failed applications, damage to surrounding areas during the waterproofing process, and mold growth resulting from ineffective moisture barriers.

Coverage Tips for Code 99955

• Ensure your policy includes adequate "Completed Operations" coverage, as many waterproofing claims arise after the project is finished due to latent defects or failures.
• Verify that your General Liability policy does not contain a "Mold Exclusion" or that it provides coverage for mold resulting from covered water damage, which is a common issue in waterproofing failures.
• Maintain meticulous records of materials used, application methods, and project specifications, as these are crucial for defending against claims of faulty workmanship.
• For projects involving subcontractors, always require them to carry their own General Liability insurance and name your business as an an additional insured to protect against their negligence.