Insurance companies classify businesses according to what they actually do.
A business classified as:
- Accountant
- Retail store
- Restaurant
- Medical office
- Beauty salon
- Contractor
- Manufacturer
- Consulting company
- Warehouse
- Property manager
will not necessarily be rated the same way.
Always disclose the full scope of operations.
A policy written for one type of business should not automatically be assumed to cover a new or substantially different operation.