Learn about Agriculture, Forestry, Fishing and Hunting – NAICS Code 11 – For Commercial Insurance. Insurance companies use NAICS codes to classify your industry and calculate your premiums See all the six digit codes that fall under this primary NAICS code for business insurance classification purposes.
Agriculture, Forestry, Fishing and Hunting – NAICS Code 11 – For Commercial Insurance
What’s the best way to describe your company’s business operations? Are you involved in the Agriculture, Forestry, Fishing and Hunting industry?
If so, then your business classification falls under Agriculture, Forestry, Fishing and Hunting – NAICS Code 11 – For Commercial Insurance. Insurance companies use NAICS codes to identify customers by industry code.
The NAICS sector code is a six digit number: 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. The last digit designates national industries.
Sector 11 – Agriculture, Forestry, Fishing and Hunting – NAICS Manual
The Agriculture, Forestry, Fishing and Hunting sector comprises establishments primarily engaged in growing crops, raising animals, harvesting timber, and harvesting fish and other animals from a farm, ranch, or their natural habitats.
The establishments in this sector are often described as farms, ranches, dairies, greenhouses, nurseries, orchards, or hatcheries. A farm may consist of a single tract of land or a number of separate tracts which may be held under different tenures. For example, one tract may be owned by the farm operator and another rented. It may be operated by the operator alone or with the assistance of members of the household or hired employees, or it may be operated by a partnership, corporation, or other type of organization. When a landowner has one or more tenants, renters, croppers, or managers, the land operated by each is considered a farm.
The sector distinguishes two basic activities: agricultural production and agricultural support activities. Agricultural production includes establishments performing the complete farm or ranch operation, such as farm owner-operators and tenant farm operators. Agricultural support activities include establishments that perform one or more activities associated with farm operation, such as soil preparation, planting, harvesting, and management, on a contract or fee basis.
Excluded from the Agriculture, Forestry, Fishing and Hunting sector are establishments primarily engaged in agricultural research and establishments primarily engaged in administering programs for regulating and conserving land, mineral, wildlife, and forest use. These establishments are classified in Industry 54171, Research and Development in the Physical, Engineering, and Life Sciences; and Industry 92412, Administration of Conservation Programs, respectively.
How NAICS Classifications Effects Your Commercial Insurance Cost
But how does your Agriculture, Forestry, Fishing and Hunting – NAICS Code 11 – For Commercial Insurance classification affect your premiums and insurance cost? Insurance companies selling commercial insurance use NAICS codes in many ways – to analyze and classify the businesses they insure, or choose not insure. Some small business NAICS code classifications can result in you paying higher premiums for your business insurance. It is important that your business is classified properly.
Industry codes help insurers with several analytical processes involving marketing, underwriting, exclusions, loss control, forms, pricing and other operations. Let’s look at some of the the NAICS codes under your classification.
NAICS Sector Structure
Following is a list of all the codes and titles. If the title is linked you can drill down for more information:
- 111110 Soybean Farming
- 111120 Oilseed (except Soybean) Farming
- 111130 Dry Pea and Bean Farming
- 111140 Wheat Farming
- 111150 Corn Farming
- 111160 Rice Farming
- 111191 Oilseed and Grain Combination Farming
- 111199 All Other Grain Farming
- 111211 Potato Farming
- 111219 Other Vegetable (except Potato) and Melon Farming
- 111310 Orange Groves
- 111320 Citrus (except Orange) Groves
- 111331 Apple Orchards
- 111332 Grape Vineyards
- 111333 Strawberry Farming
- 111334 Berry (except Strawberry) Farming
- 111335 Tree Nut Farming
- 111336 Fruit and Tree Nut Combination Farming
- 111339 Other Noncitrus Fruit Farming
- 111411 Mushroom Production
- 111419 Other Food Crops Grown Under Cover
- 111421 Nursery and Tree Production
- 111422 Floriculture Production
- 111910 Tobacco Farming
- 111920 Cotton Farming
- 111930 Sugarcane Farming
- 111940 Hay Farming
- 111991 Sugar Beet Farming
- 111992 Peanut Farming
- 111998 All Other Miscellaneous Crop Farming
- 112111 Beef Cattle Ranching and Farming
- 112112 Cattle Feedlots
- 112120 Dairy Cattle and Milk Production
- 112130 Dual-Purpose Cattle Ranching and Farming
- 112210 Hog and Pig Farming
- 112310 Chicken Egg Production
- 112320 Broilers and Other Meat Type Chicken Production
- 112330 Turkey Production
- 112340 Poultry Hatcheries
- 112390 Other Poultry Production
- 112410 Sheep Farming
- 112420 Goat Farming
- 112511 Finfish Farming and Fish Hatcheries
- 112512 Shellfish Farming
- 112519 Other Aquaculture
- 112910 Apiculture
- 112920 Horses and Other Equine Production
- 112930 Fur-Bearing Animal and Rabbit Production
- 112990 All Other Animal Production
- 113110 Timber Tract Operations
- 113210 Forest Nurseries and Gathering of Forest Products
- 113310 Logging
- 114111 Finfish Fishing
- 114112 Shellfish Fishing
- 114119 Other Marine Fishing
- 114210 Hunting and Trapping
- 115111 Cotton Ginning
- 115112 Soil Preparation, Planting, and Cultivating
- 115113 Crop Harvesting, Primarily by Machine
- 115114 Postharvest Crop Activities (except Cotton Ginning)
- 115115 Farm Labor Contractors and Crew Leaders
- 115116 Farm Management Services
- 115210 Support Activities for Animal Production
- 115310 Support Activities for Forestry
Agriculture, Forestry, Fishing and Hunting – NAICS Code 11 – For Commercial Insurance
We hope this information on how insurance companies use NAICS codes has been helpful. Your classification determines how much you pay for your commercial insurance and much more.