Differences between insureds in same class
Why are different locations and equipment grouped together as one reason insureds in same class may differ? Those seem very different / as unrelated as the other points like management style vs safety. Wanted to make sure I'm not misunderstanding.
Comments
You're not misunderstanding. You can view it as two bullets:
• Different locations
• Different equipment
We combined the two bullets into one for compactness in the wiki.
The ISO CGL manual (https://battleacts8.ca/8/wiki/index.php?title=ISO.Rating#Schedule_Rating_.28Rule_9.29) for schedule rating splits out location and equipment for precisely the reason you give.
Thanks! That makes sense.