GL Class Code 47051 - Real Estate Development Property
Are you searching for the General Liability Class Code 47051 - Real Estate Development Property?
Get information about this GL class code and its related North American Industry Classification System (NAICS), National Council on Compensation Insurance (NCCI) and Standard Industrial Classification (SIC) codes.
The General Liability Class Code 47051 - Real Estate Development Property. Learn more about GL Code 47051 and it's related NAICS, NCCI and SIC codes.
- What Is The Description Of The General Liability Class Code 47051?
- What Are The Related SIC Code(s) for GL Code 47051?
- What Are The Related NAICS Code(s) for GL Code 47051?
What Is The Description Of The General Liability Class Code 47051?
The description for GL Class Code 47051 is: Real Estate Development Property.
What Are The Related SIC Code(s) for GL Code 47051?
The related SIC Code(s) for General Liability Class Code 47051 - Real Estate Development Property is:
Description for 6552 Land Subdividers and Developers, Except Cemeteries
Establishments primarily engaged in subdividing real property into lots, except cemetery lots, and in developing it for resale on their own account. Establishments primarily engaged in developing lots for others are classified in Industry 1794.
- Real property subdividers and developers, except of cemetery lots
What Are The Related NAICS Code(s) for GL Code 47051?
The related NAICS Code(s) for General Liability Class Code 47051 - Real Estate Development Property is:
This industry comprises establishments primarily engaged in servicing land and subdividing real property into lots, for subsequent sale to builders. Servicing of land may include excavation work for the installation of roads and utility lines. The extent of work may vary from project to project. Land subdivision precedes building activity and the subsequent building is often residential, but may also be commercial tracts and industrial parks. These establishments may do all the work themselves or subcontract the work to others. Establishments that perform only the legal subdivision of land are not included in this industry.
- Building lot subdividing
- Land (except cemeteries) subdividers
- Land acquisition, assembling and subdividing
- Land subdividing and utility installation (e.g., electric, sewer and water)
- Preparing and subdividing land for sale
- Real estate (except cemeteries) subdividers
- Real property (except cemeteries) subdivision
- Subdividers, real estate
- Subdividing and preparing land owned by others
- Subdividing real estate
GL Class Code 47051 - The Bottom Line
The General Liability Class Code for Real Estate Development Property is 47051.
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Get useful tips and information about how much commercial insurance costs, small business risks and exposures, how insurance regulations effect your businesses' and detailed descriptions of coverages and exclusions and more. Most small businesses need to buy the following four types of insurance at a minimum to cover their operations from every day risks:
Property Insurance: This policy covers a business if the property used in the business is damaged or stolen as the result of common perils like fire or theft. Commercial property insurance covers the buildings, structures and also business personal property - which includes furniture, inventory, raw materials, machinery, computers and other items.
Liability Insurance: Any company can be sued. Slip-and fall lawsuits are very common and be costly. Customers can claim you injured them or damaged their property - and lawsuits are very expensive. Commercial liability insurance pays damages and can include attorney's fees and other legal expenses. It also ca pay for the medical bills of injured third parties
Commercial Auto Insurance: For vehicles owned by the business. Commercial auto insurance pays bodily injury or property damage costs for which the business is found liable - up the the policy limits for liability and property damage.
Workers Compensation Insurance: In almost every state employers must provide workers comp when there are W2 employees. Workers compensation pays for the medical care of employees and can replace a portion of lost wages - regardless of who was at fault for the injuries.