Risk Type (NAICS CODES) by Coverage Category. 8100 - OTHER SERVICES INDUSTRIES. Business insurance articles are helpful for a number of reasons. 6200 - HEALTH CARE AND SOCIAL ASSISTANCE. WebSIC 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. With more than 10,000 unique classifications, SIC codes have been extended to create the most accurate way to target businesses. 5600 - ADMINISTRATIVE AND SUPPORT AND WASTE MANAGEMENT AND REMEDIATION SERVICES. 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 How Much Does Workers Comp Insurance Cost? 8100 - OTHER SERVICES INDUSTRIES. 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. The structure of SIC is hierarchical. It vindicates your operations as legal commerce. In 2009 the lowest risk industries such as the educational services under the SIC code 82 showed negative industry specific risk premia of Industry risk makes a difference to business value How much can the industry-specific risk affect the company valuation? In 1999, MSCI and S&P Dow Jones Indices jointly developed the Global Industry Classification Standard (GICS), seeking to offer an efficient investment tool to capture the breadth, depth and evolution of industry sectors. Industry-level Data Includes Cost of equity, cost of debt and WACC estimates Performance statistics Valuation multiples Levered and unlevered betas Capital structure Click Here for Data Appends & Targeted Marketing Lists Establishments of this industry may sell or lease and install the security systems which they monitor and maintain. WebA SIC Code describes the primary business activity of a company. Lookup Description Directory Conversions How Is ChatGPT Used In The Commercial Insurance Industry? 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 Click Here for Data Appends & Targeted Marketing Lists Establishments primarily engaged in monitoring and maintaining security systems devices, such as burglar and fire alarms. Facebook Twitter Email. GICS is a four-tiered, hierarchical industry classification system. WebDescription for 7382: Security Systems Services. A SIC Code describes the primary business activity of a company. Wood Product Manufacturing, Millwood, Veneer, Plywood, & Structural Wood Members, Wood Kitchen Cabinet and Countertop Manufacturing, Hardwood Veneer and Plywood Manufacturing, Softwood Veneer and Plywood Manufacturing, Engineered Wood Member (except Truss) Manufacturing, Manufactured Home (mobile Home) Manufacturing, Prefabricated Wood Building Manufacturing, Custom Architectural Woodwork and Millwork Manufacturing, Nonupholstered Wood Household Furniture Manufacturing, Household Furniture (except Wood and Metal) Manufacturing, Office Furniture (except Wood) Manufacturing, Office Supplies (except Paper) Manufacturing, Partitions, Shelvg, Lockers, & Office & Store Fixtures, Wood Office and Store Fixtures, Partitions, Shelving, and Lockers, Office and Store Fixtures, Partitions, Shelving, and Lockers, Except Wood, Furniture and Fixtures, Not Elsewhere Classified, Corrugated and Solid Fiber Box Manufacturing, Converted Paper and Paperboard Prods (no Contaners/boxes), Paper Bag and Coated and Treated Paper Manufacturing, All Other Converted Paper Product Manufacturing, Commercial Printing (except Screen and Books), Blankbooks, Looseleaf Binders & Bookbindg & Relatd Work, Service Industries For The Printing Trade, Other Basic Inorganic Chemical Manufacturing, Alumina Refining and Primary Aluminum Production, Plastic Material, Synth Resin/rubber, Cellulos (no Glass), Plastics Material and Resin Manufacturing, Artificial and Synthetic Fibers and Filaments Manufacturing, In - Vitro Diagnostic Substance Manufacturing, Biological Product (except Diagnostic) Manufacturing, Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics, Polish and Other Sanitation Good Manufacturing, Pesticide and Other Agricultural Chemical Manufacturing, All Other Misc. The NEC codes are the residual classifications that do not usually constitute homogenous primary activity groups. Establishments of this industry may sell or lease and install the security systems which they monitor and maintain. From Purchased Steel, Primary Smelting and Refining Of Nonferrous Metals, Nonferrous Metal (except Aluminum) Smelting and Refining, Secondary Smelting and Alloying Of Aluminum, Rolling Drawing and Extruding Of Nonferrous Metals, Aluminum Rolling and Drawing, Not Elsewhere Classified, Nonferrous Metal (except Copper and Aluminum) Rolling, Aluminum Foundries (except Die - Casting), Other Nonferrous Metal Foundries (except Die - Casting), Primary Metal Products, Not Elsewhere Classified, Hearing Equip, Except Elec & Warm Air; & Plumbing Fixtures, All Other Misc. SIC Code lookup by industry. 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. What Is Excess And Surplus Lines Insurance? The third digit tells you the specific industry group. MSCI and S&P Dow Jones Indices use revenues as a key factor in determining a firms principal business activity. 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. So using SIC code Information, one can gain a better understanding of their best customers and the industries that might best benefit from their products and services. Consultation On Potential Changes To The Global Industry Classification Standard (GICS) Structure In 2016 Each four-digit SIC code follows a specific designation formula in which the first two digits identify the major industry under which the business earns the majority of their revenue (primary line of business). SIC Codes break down all of the various industries in existence into an organized classification system. Facebook Twitter Email. GICS Consultation Paper - 2015, Guiding Principles and Methodology for GICS. How Much Does General Liability Insurance Cost? These are some of the questions asked by commercial insurance companies when trying to classify your business by Standard Industrial Classification (SIC) code. 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. 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 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. 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. WebDescription for 7382: Security Systems Services. WebThe Global Industry Classification Standard (GICS) Explore the GICS structure by clicking below on the Interactive tool: Sector Industry Group [Select a Sector] Industry [Select an Industry Group] Learn more: GICS structure and definitions effective close of March 17, 2023 Establishments primarily engaged in monitoring and maintaining security systems devices, such as burglar and fire alarms. Furthermore, business insurance articles can help business owners stay informed about changes in the insurance industry. Each annual edition since Industry risk makes a difference to business value How much can the industry-specific risk affect the company valuation? 6200 - HEALTH CARE AND SOCIAL ASSISTANCE. 5600 - ADMINISTRATIVE AND SUPPORT AND WASTE MANAGEMENT AND REMEDIATION SERVICES. Nov 10, 2014: With the SIC Code lookup by industry, they can target their marketing on businesses that they specialize in, or want to gain as customers. 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 2000 edition had only two pages of data, reported only two-digit SIC codes, and presented 66 separate IRPs. WebThe rst time Ibbotson published industry risk premiums (IRPs), sometimes called RPis (risk premiums for the industry), was in its 2000 Stocks, Bonds, Bills, and Ination Valuation Yearbook(SBBI). 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: Find out more about the GICS structure & sub-industry definitions. Some small business sic code classifications can result in you paying higher premiums for your business insurance. 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. Chemical Product and Preparation Manufacturing, Asphalt Paving Mixture and Block Manufacturing, Asphalt Shingle and Coating Materials Manufacturing, Miscellaneous Products Of Petroleum and Coal, Petroleum Lubricating Oil and Grease Manufacturing, All Other Petroleum and Coal Products Manufacturing, Gaskets, Packg & Sealg Devices & Rubber & Plastics Hose, Rubber and Plastics Hoses and Belting Manufacturing, Rubber Product Manufacturing. Consultation on Potential Changes to the Global Industry Classification Standard (GICS) Structure in 2022, Jan 11, 2018: Where Can I Lookup Standard Industrial Classification (SIC) Codes? WebCodes Titles Total Marketable US Businesses; 3841: Surgical and Medical Instruments: 6,420: 384100: Surgical and medical instruments: 4,378: 38410000: Surgical and medical instruments: 4,378: 384101: Ophthalmic instruments and apparatus: 100: 38410100: Ophthalmic instruments and apparatus: 56: 38410101: Muscle exercise apparatus, Typically, agencies will use SIC Codes at the 4-digit U.S. Government level, but you may encounter 6, 7, or 8-digit classifications as well. A SIC Code is self-classified and the primary code associated with your company can change as your business evolves. For Residential, Instruments and Related Products Manufacturing. These codes typically end in the number "9". Learn why GICS is considered an industry standard. Read other informative articles on small business commercial insurance including costs and coverages. Industry codes help insurers with several analytical processes involving marketing, underwriting, exclusions, loss control, forms, pricing and other operations. 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. Risk Type (NAICS CODES) by Coverage Category. Each annual edition since

More About Extended SIC Codes, Buy Company Lists by SIC Code Here are some of the popular uses: In the SIC Code system, miscellaneous 3rd or 4th digit codes are usually designated with the term 'Not Elsewhere Classified'. 0. 7200 - ACCOMMODATION AND FOOD SERVICES. S&P Dow Jones Indices and MSCI Announce Revisions to the Global Industry Classification Standard (GICS) Structure in 2016 The 2000 edition had only two pages of data, reported only two-digit SIC codes, and presented 66 separate IRPs. Posted by admin. How Does General Liability Insurance Work? Each company is assigned a single GICS classification at the Sub-Industry level according to its principal business activity. 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 The first 2 digits used give the the major group. SICCODE Business Data Powering the World's Top Companies, For More Specialized Data and Services, Visit our, SIC Code Definition / History / Structure, SIC Code 2299 - Textile Goods, Not Elsewhere Classified, SIC Code 5149 - Groceries and Related Products, Not Elsewhere Classified, SIC Code 7389 - Business Services, Not Elsewhere Classified, SIC Code 4789 - Transportation Services, Not Elsewhere Classified. 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