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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 44 - Emergency Management and Assistance |
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Chapter IV - Department of Commerce and Department of Transportation |
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SubChapter B - INSURANCE AND HAZARD MITIGATION |
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Part 83 - COVERAGES, RATES, AND PRESCRIBED POLICY FORMS |
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Subpart B - Commercial Crime Insurance Coverage |
§ 83.24 - Classification of commercial risks.
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(a) The governing factor in determining the risk classification applicable to a particular premises is the kind of business conducted by the insured at that location. If there are several types of merchandise applicable to the risk,the highest classification of merchandise inventoried and held for sale governs. For example, a business with the following types of merchandise inventoried, 60% handbags and wigs, and 40% fine jewelry, shall be classified as Class 5 Fine Jewelry.
Any change in classification must be reported to the insurer through the servicing company. (b) Individual concessionaires operating within a premises are classified according to the business or merchandise of the concessionaire.
(c) Warehouses and/or other storage areas shall take the classification of the merchandise or inventory comprising the majority value of the contents.
(d) Following are minimum alarm requirements for various classifications of businesses:
Code Business description Class Burglary Robbery Alarm type A1 NOC 3 4 D 02 Amusement enterprises 2 3 D B1 Antique stores 3 4 C C1 Art galleries 3 4 D 33 Art supplies 5 5 C D1 Auto parts—no service 2 2 C 03 Auto parts—sales/service 2 2 D 47 Beach concessions 3 4 D 32 Beauty/barber shops 2 2 D 41 Beauty & health supplies 3 4 C C6 Beer/wine with food (retail) 5 5 C F1 Beer/wine (wholesale) 6 6 B 04 Billiard/pool parlors 3 4 D 70 Boutiques 6 6 B 05 Bowling lanes/skating rinks 2 3 E 34 Building contractors/materials 2 3 D 06 Cameras/photo/film processing 5 5 B 43 Candy/nuts stores 3 4 C G1 Check cashing/money exchange/collectors 4 6 D J1 Churches/charities/public properties 1 1 E 36 Clothing childrens 12 & under 5 2 B I1 Clothing mfg./tailoring 3 6 B 22 Clothing men's 6 5 B 30 Clothing women's 6 6 B 07 Clubs (serving alcohol) 3 4 D K1 Coin/stamp shop 3 4 D 08 Discos/dance halls/pavilions 2 3 D 50 Distributors—variety/Nonalcoholic 2 4 D C5 Donut/pastry/coffee shop (seated) 3 4 D 09 Drug stores 5 4 B L1 Drugs (wholesale) 5 6 B 10 Dry cleaners 5 5 D 38 Dry Goods—textile/sewing 3 4 C 11 Electrical appliances/parts 5 5 B E1 Fast food/bakery/donut (carryout) 4 3 D 39 Fine arts 2 3 D 78 Flea markets/auction houses 2 3 D 40 Florists 2 4 D M1 Food stuffs (wholeslae) 3 5 B N1 Fruit/newspaper stands 4 3 D 45 Funeral homes 2 3 D 421 Furniture/home furnishings 4 3 C 12 Furriers 5 5 C 13 Garages/auto repair 3 3 D 14 Gasoline service station 5 4 B 44 Gift store/costume jewelry 6 4 B 15 Golf & other prof. sports shops 2 3 D 16 Grocery stores/deli/health food stores 5 5 C 17 Guns/ammunition 6 6 C 46 Hardware/housewares 3 4 D C2 Health clubs/massage parlors 2 3 D 80 Hobby/toys/novelty 3 4 D 48 Hotel/motel/apartments 2 3 D 01 Industrial materials/metal work 2 3 D 18 Jewelry 3 6 B 19 Laundries 2 3 D 52 Leather products 6 4 B 20 Liquor stores 2 2 B P1 Liquor (wholesale) 4 2 C 37 Marine/aircraft—sales/service 3 4 D 21 Meat/poultry/fish dealers 2 3 C 54 Medical supplies 2 2 D Q1 Motorbikes/bicycles 3 4 C 56 Music stores/instruments 3 4 C 35 Nursing/convalescent homes 2 3 D C3 Office supplies/equipment 2 3 D 58 Parking/rental cars/car wash/taxi office 2 2 D 23 Pawn brokers 4 2 B 76 Pet stores/kennels 3 4 C R1 Photographers studios 2 3 D S1 Precious metals/electroplating (storage) 6 6 C C8 Precious metals/electroplating (retail, wholesale, mfg.) 4 2 B 74 Professional services 2 2 D 24 Radio/TV/electronic equip 6 5 B C4 Radio/TV/elec eq. (service only) 2 3 D 62 Realty/insurance/travel/employment agency 2 3 D T1 Record shop 5 4 B 25 Restaurant/caterer 3 4 D 26 Savings & loans/banks 4 3 B 66 Schools/day care 2 3 D 64 Security/locksmiths/alarms 2 4 D 68 Shoe stores 6 5 B H1 Specialized clothing-sportswear/lingerie 4 2 D U1 Sports goods/general 5 2 C 60 Stationery/books/printing/paper 3 4 D 27 Tavern/bar/lounge 4 4 D V1 Taxi/limousines (robbery only) 2 3 E 28 Theatres 2 3 E 29 Tobacco dealers (retail) 5 5 C C9 Tobacco dealers (wholesale) 3 4 B 72 Used clothing/shoe repair/thrift stores 5 5 B W1 Variety/department stores 6 6 B X1 Vending machines 2 3 D Y1 Wig shops 5 2 C