What Does Class of Business Mean?

Free Business Insurance Quote Click Here
What does Class of Business mean? Read on to discover the definition & meaning of the term Class of Business - to help you better understand the language used in insurance policies.

Class of Business

Class of Business

Refers to an industry classification according to the perils insured and the exposure. The purpose is to group homogeneous risks for purposes of rate development.

We hope the you have a better understanding of the meaning of Class of Business.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here