The 2000 edition had only two pages of data, reported only two-digit SIC codes, and presented 66 separate IRPs. More About Extended SIC Codes, Buy Company Lists by SIC Code Some small business sic code classifications can result in you paying higher premiums for Occupational Safety & Health Administration, Occupational Safety and Health Administration, Outreach Training Program (10- and 30-hour Cards), OSHA Training Institute Education Centers, Severe Storm and Flood Recovery Assistance, Description for 7382: Security Systems Services, Security systems devices, burglar and fire alarm: monitoring and. Establishments primarily engaged in the sales and installation, or installation only, of such devices are classified in Construction, Industry 1731. SIC Code lookup by industry. An SIC company makes it Find out more about the GICS structure & sub-industry definitions. 
WebSIC Code SIC Description; 01: Agricultural Production Crops: 02: Agriculture production livestock and animal specialties: 07: Agricultural Services: 08: Forestry: 09: Fishing, hunting, and trappingB. What Does It Mean To Be An Additional Insured? With more than 10,000 unique classifications, SIC codes have been extended to create the most accurate way to target businesses. Examples of Not Elsewhere Classified - NEC Codes in the SIC Code system. Some small business sic code classifications can result in you paying higher premiums for Does Business Insurance Cover Riots And Looting? A SIC Code describes the primary business activity of a company. Made Of Purchased Glass, Clay Building Material and Refractories Manufacturing, Vitreous China Table and Kitchen Articles, Cut Stone and Stone Product Manufacturing, Abrasive, Asbestos & Misc Nonmetallic Mineral Prods, All Other Misc.
WebPossible SIC codes for the paint and battery industries are as follows: SIC 2851: paints, varnishes, lacquers, enamels, and allied products SIC 3691: storage batteries The long-term supply side industry risk premiums for the closest SIC codes according to the Valuation Handbook are 0.39 percent for SIC code 28: chemicals and allied products and 2.8 WebIndustry codes help insurers with several analytical processes involving marketing, underwriting, exclusions, loss control, forms, pricing and other operations. Sign up below to receive the latest updates and news from MSCI. Companies are classified quantitatively and qualitatively. The third digit tells you the specific industry group. An SIC code (Standard Industrial Classification) is a four digit numerical code assigned by the U.S. government to businesses in order to identify the primary activity of the business. S&P DOW JONES INDICES AND MSCI ANNOUNCE REVISIONS TO THE GLOBAL INDUSTRY CLASSIFICATION STANDARD (GICS) STRUCTURE IN 2018, Jul 11, 2017: Business insurance articles are helpful for a number of reasons. Risks that are specific to a certain industry. The Standard Industrial Classification (SIC) system was created by the government to categorize businesses by industry and uses four-digit numerical codes to classify them. Lookup Description Directory Conversions SIC Code Lookup By Industry. The third digit is used to further refine the classification by identifying the industry subgroup under which the company falls. Industry-level Data Includes Cost of equity, cost of debt and WACC estimates Performance statistics Valuation multiples Levered and unlevered betas Capital structure WebSearch SIC Codes by Industry | NAICS Association Search SIC Codes by Industry Back Click Here for Data Appends & Targeted Marketing Lists * Current Number of US Businesses within that Primary SIC Code. Risk Premiums for Other Markets. 
How Is ChatGPT Used In The Commercial Insurance Industry? S&P DOW JONES INDICES AND MSCI ANNOUNCE SELECT LIST OF COMPANIES POTENTIALLY IMPACTED BY CONSULTATION ON PROPOSED GICS STRUCTURE CHANGES, Select Companies Potentially Impacted by GICS Structure Changes in MSCI Indexes, Select Companies Potentially Impacted by GICS Structure Changes in GICS Direct, Nov 29, 2021: WebPossible SIC codes for the paint and battery industries are as follows: SIC 2851: paints, varnishes, lacquers, enamels, and allied products SIC 3691: storage batteries The long-term supply side industry risk premiums for the closest SIC codes according to the Valuation Handbook are 0.39 percent for SIC code 28: chemicals and allied products and 2.8 
WebA SIC Code describes the primary business activity of a company. 
S&P DOW JONES INDICES AND MSCI ANNOUNCE REVISIONS TO THE GLOBAL INDUSTRY CLASSIFICATION STANDARD (GICS) STRUCTURE IN 2023, Revisions to the Global Industry Classification Standard (GICS) Structure Effective March 2023, Jan 21, 2022: 
An SIC company makes it These risk premiums are estimated based upon a simple 2-stage Augmented Dividend discount model and reflect the risk premium which would justify they current level of the index, given the cash yield, expected growth in earnings and the level of the long term bond rate. The SIC code pages also show the related related General Liability, NAICS and NCCI and State codes as well as a cross reference.
SIC codes classify the economy into 20 sectors, which are separated into 99 3-digit subsectors, which are divided into 311 4-digit industry groups, which are further subdivided into 709 5-digit industries, and finally disaggregated into 1057 6-digit U.S. industries. Furthermore, business insurance articles can help business owners stay informed about changes in the insurance industry. This can help business owners make informed decisions about which insurance policies are best for their needs. With more than 10,000 unique classifications, SIC codes have been extended to create the most accurate way to target businesses. Established in the United States in 1937, it is used by government agencies to classify industry areas.". 
These are some of the questions asked by commercial insurance companies when trying to classify your business by Standard Industrial Classification (SIC) code. When applying an industry risk premium (IRP) from a major (two-digit) standard industrial classification (SIC) with many companies, outliers would not be expected to have a significant impact on the results. Find your SIC Class Code & get the best small business insurance quotes online. If you find a specific agency or government office is using a SIC Code that doesnt apply to your business, it is best to contact that specific agency/office and request an update. How Much Does Workers Compensation Insurance Cost? Identify your best clients' primary industry and target similar businesses. What Is The Terrorism Risk Insurance Act (TRIA)? The NEC codes are the residual classifications that do not usually constitute homogenous primary activity groups. Jun 2, 2014: WebA company that has an SIC code has several advantages over other businesses: Any company that has an SIC code falls under a legally recognized industry. Following is the SIC Code lookup (looking for General Liability Class Codes, NAICS Codes or NCCI Workers Comp Class Codes?). To interpret the complexity and pace of industry movements, a consistent and comprehensive global industry classification standard is critical. The commercial insurance content available on this page is for informational purposes only and not for the purpose of providing legal or financial advice. 
Read other informative articles on small business commercial insurance including costs and coverages. Consultation On Potential Changes To The Global Industry Classification Standard (GICS) Structure In 2016 Establishments primarily engaged in monitoring and maintaining security systems devices, such as burglar and fire alarms. SIC Codes break down all of the various industries in existence into an organized classification system. But some insurance companies still use SIC codes to identify customers by industry code. Riot, Vandalism And Civil Commotion Insurance, Special Purpose Acquisition Company Insurance, Understanding Primary And Non-Contributory Liability Insurance. How To Comapre Small Business Insurance Policies. For Mechanical Use, Unlaminated Plastics Film and Sheet (except Packaging) Manufacturing, Unlaminated Plastics Profile Shape Manufacturing, Plastics Pipe and Pipe Fitting Manufacturing, Urethane and Other Foam Product (except Polystyrene) Manufacturing, All Other Leather Good and Allied Product Manufacturing, Other Pressed and Blown Glass and Glassware Manufacturing, Glass Product Manufacturing. Durable Goods Merchant Wholesalers, Printing and Writing Paper Merchant Wholesalers, Industrial and Personal Service Paper Merchant Wholesalers, Drugs and Druggists' Sundries Merchant Wholesalers, Wholesale - Apparel, Piece Goods & Notions, Mens and Boys Clothing and Furnishings Merchant Wholesalers, General Line Grocery Merchant Wholesalers, Packaged Frozen Food Merchant Wholesalers, Dairy Product (except Dried or Canned) Merchant Wholesalers, Poultry and Poultry Product Merchant Wholesalers, Meat and Meat Product Merchant Wholesalers, Fresh Fruit and Vegetable Merchant Wholesalers, Other Grocery and Related Products Merchant Wholesalers, Grain and Field Bean Merchant Wholesalers, Other Farm Product Raw Material Merchant Wholesalers, Plastics Materials and Basic Forms and Shapes Merchant Wholesalers, Other Chemical and Allied Products Merchant Wholesalers, Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals), Wholesale - Beer, Wine & Distilled Alcoholic Beverages, Wine and Distilled Alcoholic Beverage Merchant Wholesalers, Wholesale - Miscellaneous Nondurable Goods, Tobacco and Tobacco Product Merchant Wholesalers, Other Misc. The NAICS was established in 1997 to replace the no longer sufficient SIC system. It is important that your business is classified properly. WebBaker Risk San Antonio, TX, 78218US 541330- Engineering Services More Companies in this Industry Risk Strategies Co Boston, MA, 02110US 524210- Insurance Agencies and Brokerages Ambulatory Health Care Services, Professional and Management Development Training, Labor Unions and Similar Labor Organizations, Other Similar Organizations (except Business, Services - Engineering, Accounting, Research, Management, Surveying and Mapping (except Geophysical) Services, Services - Commercial Physical & Biological Research, Research and Development In Biotechnology, Other Heavy and Civil Engineering Construction, Administrative Management and General Management Consulting Services, Executive and Legislative Offices Combined, Public Order and Safety, Not Elsewhere Classified, Public Finance, Taxation, and Monetary Policy, Administration Of Social, Human Resource and Income Maintenance Programs, Administration Of Veterans' Affairs, Except Health and Insurance, Administration Of Air and Water Resource and Solid Waste Management Programs, Land, Mineral, Wildlife, and Forest Conservation, Administration Of Urban Planning and Community and Rural Development, Administration Of General Economic Programs, Regulation and Administration Of Transportation Programs, Regulation and Administration Of Communications, Electric, Gas, and Other Utilities, Regulation, Licensing, and Inspection Of Miscellaneous Commercial Sectors, Commercial Property Insurance Policy Coverage Forms, COVID-19 Small Business Insurance Survival Guide. The SIC Code lookup tool is valuable for nearly any company looking to increase revenue and profit. An SIC code (Standard Industrial Classification) is a four digit numerical code assigned by the U.S. government to businesses in order to identify the primary activity of the business. Risk Type (NAICS CODES) by Coverage Category. S&P DOW JONES INDICES AND MSCI ANNOUNCE FURTHER REVISIONS TO THE GLOBAL INDUSTRY CLASSIFICATION STANDARD (GICS) STRUCTURE IN 2016, Jun 1, 2015: The first two digits of the code identify the major industry group, the third digit identifies the industry group and the fourth digit identifies the industry. 
The first two digits designate the largest business sector, the third digit designates the subsector, the fourth digit designates the industry group, and the fifth digit designates particular industries.
Industry risk makes a difference to business value How much can the industry-specific risk affect the company valuation? All groups are separated into 12 higher level divisions. Industry risk makes a difference to business value How much can the industry-specific risk affect the company valuation? Establishments of this industry may sell or lease and install the security systems which they monitor and maintain. For Measuring and Testing Electricity and Electrical Signals, Analytical Laboratory Instrument Manufacturing, Optical Instrument and Lens Manufacturing, Surgical and Medical Instrument Manufacturing, Surgical Appliance and Supplies Manufacturing, Dental Equipment and Supplies Manufacturing, Photographic and Photocopying Equipment Manufacturing, Other Measuring and Controlling Device Manufacturing, Sporting and Athletic Goods Manufacturing, Costume Jewelry and Costume Novelties, Except Precious Metal, Local and Suburban Transit and Interurban Hwy Passenger Trans, All Other Transit and Ground Transportation, Terminal and Service Facilities For Motor Vehicle Passenger Transportation, Specialized Freight (except Used Goods) Trucking, Terminal Maintenance Facilities For Motor Freight Transport, Deep Sea Domestic Transportation Of Freight, Freight Transportation On The Great Lakes - St. Lawrence Seaway, Coastal and Great Lakes Passenger Transportation, Other Support Activities For Water Transportation, Other Support Activities For Air Transportation, Pipeline Transportation of Refined Petroleum Products, All Other Travel Arrangement and Reservation Services, Support Activities For Rail Transportation, Wireless Telecommunications Carriers (except Satellite), Natural Gas Transmisison and Distribution, Mixed, Manufactured, or Liquefied Petroleum Gas Production And/or, Combination Utilities, Not Elsewhere Classified, Cogeneration Services and Small Power Producers, Wholesale - Motor Vehicles & Motor Vehicle Parts & Supplies, Automobile and Other Motor Vehicle Merchant Wholesalers, Motor Vehicle Supplies and New Parts Merchant Wholesalers, Motor Vehicle Parts (used) Merchant Wholesalers, Wholesale - Lumber & Other Construction Materials, Wholesale - Professional & Commercial Equipment & Supplies, Photographic Equipment and Supplies Merchant Wholesalers, Other Commercial Equipment Merchant Wholesalers, Other Professional Equipment and Supplies Merchant Wholesalers, Wholesale - Metals & Minerals (no Petroleum), Metal Service Centers and Other Metal Merchant Wholesalers, Coal and Other Mineral and Ore Merchant Wholesalers, Other Electronic Parts and Equipment Merchant Wholesalers, Wholesale - Hardware & Plumbing & Heating Equipment & Supplies, Warm Air Heating and Air - Conditioning Equipment and Supplies Merchant Wholesalers, Refrigeration Equipment and Supplies Merchant Wholesalers, Wholesale - Machinery, Equipment & Supplies, Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers, Farm and Garden Machinery and Equipment Merchant Wholesalers, Industrial Machinery and Equipment Merchant Wholesalers, Service Establishment Equipment and Supplies Merchant Wholesalers, Transportation Equipment and Supplies (except Motor Vehicles) Merchant Wholesalers, Sporting and Recreational Goods and Supplies Merchant Wholesalers, Toy and Hobby Goods and Supplies Merchant Wholesalers, Other Misc. Risks that are specific to a certain industry. The third digit is used to further refine the classification by identifying the industry subgroup under which the company falls. 6200 - HEALTH CARE AND SOCIAL ASSISTANCE. 3 Best Small Business Insurance Companies. Division I: Services | Major Group 73: Business Services | Industry Group 738: Miscellaneous Business Services. Does My Business Need Commercial Flood Insurance? What Does Commercial Auto Physical Damage Insurance Cover? 
Fabricated Metal Product Manufacturing, Plumbing Fixture Fitting and Trim Manufacturing, Heating Equipment (except Warm Air Furnaces) Manufacturing, Fabricated Structural Metal Manufacturing, Ornamental and Architectural Metal Work Manufacturing, Prefabricated Metal Building and Component Manufacturing, Ordnance and Accessories, (no Vehicles/guided Missiles), Ammunition (except Small Arms) Manufacturing, Fluid Power Valve and Hose Fitting Manufacturing, Valves and Pipe Fittings, Not Elsewhere Classified, Fabricated Pipe and Pipe Fitting Manufacturing, Turbine and Turbine Generator Set Units Manufacturing, Farm Machinery and Equipment Manufacturing, Lawn and Garden Tractor and Home Lawn and Garden Equipment Manufacturing, Construction, Mining & Materials Handling Machinery & Equip, Mining Machinery and Equipment Manufacturing, Oil and Gas Field Machinery and Equipment Manufacturing, Elevator and Moving Stairway Manufacturing, Conveyor and Conveying Equipment Manufacturing, Cutting Tool and Machine Tool Accessory Manufacturing, Rolling Mill and Other Metalworking Machinery Manufacturing, Electric and Gas Welding and Soldering Equipment, Special Industry Machinery (no Metalworking Machinery), Printing Machinery and Equipment Manufacturing, General Industrial Machinery and Equipment, Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing, Industrial Process Furnace and Oven Manufacturing, Mechanical Power Transmission Equipment Manufacturing, General Industrial Machinery and Equipment, Nec, Computer Terminal and Other Computer Peripheral Equipment Manufacturing, Calculating and Accounting Machines (no Electronic Computers), Computer and Peripheral Equipment Manufacturing, Refrigeration and Service Industry Machinery, Other Commercial and Service Industry Machinery Manufacturing, Air Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing, Measuring and Dispensing Pump Manufacturing, Misc Industrial and Commercial Machinery and Equipment, Motor Vehicle Gasoline Engine and Engine Parts Manufacturing, Fluid Power Cylinder and Actuator Manufacturing, Electronic and Other Electrical Equipment (no Computer Equip), Switchgear and Switchboard Apparatus Manufacturing, Carbon and Graphite Product Manufacturing, Relay and Industrial Control Manufacturing, All Other Misc. What Are The Different Types Of Insurers? What Is An Additional Insured Endorsement? The main purpose of creating the Standard Industrial Classification (SIC), according to the U.S. Census Bureau, is to classify businesses "for the purpose of collecting, analyzing and publishing statistical data related to the U.S. business economy.". WebBelow is the WACC by Industry based on data from the U.S. Industry Benchmarking Module that illustrates the variability of risk in an industry over time. find a company's SIC Code you can use our search function on top of every page and search for a business. Electrical Equipment and Component Manufacturing, Household Cooking Appliance Manufacturing, Household Refrigerator and Home Freezer Manufacturing, Household Laundry Equipment Manufacturing, Software and Other Prerecorded Compact Disc, Other Major Household Appliance Manufacturing, Electric Lamp Bulb and Part Manufacturing, Current - Carrying Wiring Device Manufacturing, Noncurrent - Carrying Wiring Device Manufacturing, Residential Electric Lighting Fixture Manufacturing, Motor Vehicle Electrical and Electronic Equipment Manufacturing, Integrated Record Production/distribution, Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, Other Communications Equipment Manufacturing, Semiconductor and Related Device Manufacturing, Miscellaneous Electrical Machinery, Equipment & Supplies, Electrical Equipment For Internal Combustion Engines, Blank Magnetic and Optical Recording Media Manufacturing, Aircraft Engine and Engine Parts Manufacturing, Other Aircraft Parts and Auxiliary Equipment Manufacturing, Guided Missiles and Space Vehicles and Parts, Guided Missile and Space Vehicle Manufacturing, Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing, Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing, All Other Transportation Equipment Manufacturing, Automatic Environment Control Manufacturing. Other Vegetable (except Potato) and Melon Farming, Broilers and Other Meat Type Chicken Production, Fur - Bearing Animal and Rabbit Production, General Farms, Primarily Livestock and Animal Specialties, Postharvest Crop Activities (except Cotton Ginning), Forest Nurseries and Gathering Of Forest Products, Dredging: Gold - Endless Bucket or Ladder Type, Bituminous Coal and Lignite Surface Mining, Geophysical Surveying and Mapping Services, Support Activities For Oil and Gas Operations, Mining and Quarrying Of Nonmetallic Minerals (no Fuels), Crushed and Broken Limestone Mining and Quarrying, Crushed and Broken Granite Mining and Quarrying, Other Crushed and Broken Stone Mining and Quarrying, Clay and Ceramic and Refractory Minerals Mining, Chemical and Fertilizer Mineral Mining, Not Elsewhere Classified, Support Activities For Nonmetallic Minerals (except Fuels) Mining, General Bldg Contractors - Residential Bldgs, New Multifamily Housing Construction (except For - Sale Builders), General Bldg Contractors - Nonresidential Bldgs, General Contractors - Industrial Buildings and Warehouses, General Contractors - Nonresidential Buildings, Other Than Industrial Buildings and Warehouses, Heavy Construction Other Than Bldg Const - Contractors, Poured Concrete Foundation and Structure Contractors, Power and Communication Line and Related Structures Construction, Electrical Contractors and Other Wiring Installation Contractors, Water and Sewer Line and Related Structures Construction, Structural Steel and Precast Concrete Contractors, Ice Cream and Frozen Dessert Manufacturing, Canned, Frozen & Preservd Fruit, Veg & Food Specialties, Chocolate and Confectionery Manufacturing. Establishments primarily engaged in monitoring and maintaining security systems devices, such as burglar and fire alarms. Integrating business lists built by specific industries, increases the focus of the campaign and removes wasteful broadstroke strategies. Establishments of this industry may sell or lease and install the security systems which they monitor and maintain. 