Navigating Mercantile & Manufacturing Risks in GL Audits

This topic is often misunderstood or mishandled during general liability (GL) audits by auditors, agents, reviewers, and underwriters. Auditing mercantile or manufacturing risks for GL can become complex when it is discovered that the insured also engages in the installation, service, or repair of goods sold. Policies may be written based on estimated exposure for sales alone or for sales, payroll, and/or cost. In either scenario, the audit becomes more complicated, necessitating additional investigation to ensure proper application of general liability rules and accurate auditing of exposures. Key questions include: Based on the insured’s operations, is this just a sales audit? Do I need to use the payroll code on the policy along with the sales code? Do I need to add a payroll code for installation, service or repair? This webinar will address these questions and more.

Join us for this informative one-hour session to enhance your general liability knowledge.

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