Educational Services
- NAICS Code 61 - For Commercial Insurance
Need Personal or Business Insurance?
Learn about Educational Services - NAICS Code 61 - 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 class code for business insurance underwriting and cost purposes.
Educational Services - NAICS Code 61 - For Commercial Insurance
What's the best way to describe your company's business operations? Are you involved in the Educational Services industry?
If so, then your business classification falls under Educational Services - NAICS Code 61 - 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 61 - Educational Services - NAICS Manual
The Educational Services sector comprises establishments that provide instruction and training in a wide variety of subjects. This instruction and training is provided by specialized establishments, such as schools, colleges, universities, and training centers. These establishments may be privately owned and operated for profit or not for profit, or they may be publicly owned and operated. They may also offer food and/or accommodation services to their students.
Educational services are usually delivered by teachers or instructors that explain, tell, demonstrate, supervise, and direct learning. Instruction is imparted in diverse settings, such as educational institutions, the workplace, or the home, and through diverse means, such as correspondence, television, the Internet, or other electronic and distance-learning methods. The training provided by these establishments may include the use of simulators and simulation methods. It can be adapted to the particular needs of the students, for example sign language can replace verbal language for teaching students with hearing impairments. All industries in the sector share this commonality of process, namely, labor inputs of instructors with the requisite subject matter expertise and teaching ability.
How NAICS Classifications Effects Your Commercial Insurance Cost
But how does your Educational Services - NAICS Code 61 - 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 Structure
Following is a list of all the codes and titles. If the title is linked you can drill down for more information:
- 611110 Elementary and Secondary Schools
- 611210 Junior Colleges
- 611310 Colleges, Universities, and Professional Schools
- 611410 Business and Secretarial Schools
- 611420 Computer Training
- 611430 Professional and Management Development Training
- 611511 Cosmetology and Barber Schools
- 611512 Flight Training
- 611513 Apprenticeship Training
- 611519 Other Technical and Trade Schools
- 611610 Fine Arts Schools
- 611620 Sports and Recreation Instruction
- 611630 Language Schools
- 611691 Exam Preparation and Tutoring
- 611692 Automobile Driving Schools
- 611699 All Other Miscellaneous Schools and Instruction
- 611710 Educational Support Services
Educational Services - NAICS Code 61 - For Commercial Insurance
We hope this information on Educational Services - NAICS Code 61 - For Commercial Insurance has been helpful. Your classification determines how much you pay for your commercial insurance and much more.
More NAICS Sector Codes
Agriculture, Forestry, Fishing and Hunting, Mining, Utilities, Construction, Manufacturing, Wholesale Trade, Transportation and Warehousing, Information, Finance and Insurance, Real Estate Rental and Leasing, Professional, Scientific, and Technical Services, Management of Companies and Enterprises, Administrative and Support and Waste Management and Remediation Services, Educational Services, Health Care and Social Assistance, Arts, Entertainment, and Recreation, Accommodation and Food Services, Other Services (except Public Administration), Public Administration