How is Commercial General Liability Premium Exposure Rated?

/in /by

What are the rating and premium basis options for Commercial General Liability exposure? Which cost basis provides the most favorable outcome for your risk management and insurance contracts?

  • (S) GROSS SALES
    • Exposure Rated per $1,000/Total Revenue
  • (A) AREA
    • Exposure Rated per 1,000/Sq. Ft. of space
  • (M) ADMISSIONS
    • Exposure Rated per 1,000/ADM
  • (P) PAYROLL
    • Exposure Rated per $1,000/Annual Payroll
  • (C) TOTAL COST
    • Exposure Rated per $1,000/Total Expenses
  • (U) UNIT
    • Exposure Rated per unit
  • (T) OTHER

Source: ACORD 126 (2016/09)