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This is a rate established at the beginning of a policy period. It is a rate based on the "average" of the same type of classes or work-such as all restaurant work, etc. This type of policy is normally audited at the end of the policy term to adjust for additons or deletions of coverage throughout the policy term.

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Q: What is a composite rate in general liability insurance?
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What sort of liability insurance does one need for a sole proprietor HVAC Repair business?

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