General liability insurance services
CPC v2.1 Code: 71335
About general liability insurance services
cpc code 71335 covers the provision of general liability insurance services, which play a crucial role in the broader economy. This type of insurance protects businesses and individuals from financial losses resulting from third-party claims of bodily injury, property damage, or other liabilities. By mitigating risks, general liability insurance services help facilitate commercial activities and foster economic growth across various industries.
Production process
The main production techniques in the general liability insurance services industry involve underwriting, risk assessment, and policy administration. Underwriters evaluate the potential risks associated with a client's operations and determine appropriate coverage levels and premiums. Actuaries analyze historical data to develop accurate pricing models, while claims adjusters handle the processing and settlement of claims filed by policyholders.
Production inputs
The key inputs required for the general liability insurance services industry include a pool of experienced underwriters, actuaries, and claims adjusters, as well as robust data analytics capabilities to assess risks accurately. Additionally, the industry relies on a strong regulatory framework, compliance with which is essential for insurers to operate effectively.
Production outputs
The primary output of the general liability insurance services industry is the provision of insurance policies that protect businesses and individuals from a wide range of liabilities. These policies are often consumed by companies in various sectors, such as 54119 Architectural services, 54133 Engineering services, and 48-49 Transportation and warehousing, among others, to mitigate the risks inherent in their operations.
Family tree for general liability insurance services
graph LR
A["<a href='/classifications/cpc/v2-1/7'>7: Financial and related services; real estate services; and rental and leasing services</a>"]
A --> B["<a href='/classifications/cpc/v2-1/71'>71: Financial and related services</a>"]
B --> C["<a href='/classifications/cpc/v2-1/713'>713: Insurance and pension services (excluding reinsurance services), except compulsory social security services</a>"]
C --> D["<a href='/classifications/cpc/v2-1/7133'>7133: Other non-life insurance services (excluding reinsurance services)</a>"]
D --> E["<a href='/classifications/cpc/v2-1/71335'>71335: General liability insurance services</a>"]
D --> F["<a href='/classifications/cpc/v2-1/71331'>71331: Motor vehicle insurance services</a>"]
D --> G["<a href='/classifications/cpc/v2-1/71332'>71332: Marine, aviation, and other transport insurance services</a>"]
D --> H["<a href='/classifications/cpc/v2-1/71333'>71333: Freight insurance services</a>"]
D --> I["<a href='/classifications/cpc/v2-1/71334'>71334: Other property insurance services</a>"]
D --> J["<a href='/classifications/cpc/v2-1/71336'>71336: Credit and surety insurance services</a>"]
D --> K["<a href='/classifications/cpc/v2-1/71337'>71337: Travel insurance services</a>"]
D --> L["<a href='/classifications/cpc/v2-1/71339'>71339: Other non-life insurance services</a>"]
%% Color coordination by level
classDef level1 color:#000,fill:#a8f9ff,stroke:#333,stroke-width:2px
classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px
classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px
classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px
classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px
%% Apply classes
class A level1
class B level2
class C level3
class D level4
class E level5
class F level5
class G level5
class H level5
class I level5
class J level5
class K level5
class L level5
class E highlight
%% class A level1
%% class B,C level2
%% class D,E,F,G,H,I level2
%% class J,K,L,M,N,O,P level3
%% class E highlight