PUBLIC ADMINISTRATION- SIC DIVISION J - FOR COMMERCIAL INSURANCE

Learn about Public Administration – SIC Division J – For Commercial Insurance. Insurance companies use SIC codes to classify your industry and calculate your premiums. See the class descriptions that fall under this primary SIC Division for business insurance underwriting and cost purposes.

Public Administration – SIC Division J

What’s the best way to describe your company’s business operations? Are you involved in the Public Administration industry?

If so, then your business classification falls under Public Administration – SIC Division J – For Commercial Insurance. Insurance companies use SIC codes to identify customers by industry code.

SIC Division codes help insurers with several analytical processes involving marketing, underwriting, exclusions, loss control, forms, pricing and other operations.

Division J – Public Administration – SIC Manual

This division includes the executive, legislative, judicial, administrative and regulatory activities of Federal, State, local, and international governments. Government-owned and operated business establishments are classified in Major Groups 01-89 according to the activity in which they are engaged. Private establishments primarily engaged in the same activities as government establishments in Public Administration are classified in Major Groups 01-89 according to the activity in which they are engaged.

How SIC Classifications Effect Your Commercial Insurance Cost

But how does your Public Administration – SIC Division J – For Commercial Insurance classification affect your premium and insurance cost? Insurers selling commercial insurance use SIC codes in many ways – to analyze and classify the businesses they insure, or choose not insure. Some small business SIC code classifications can result in you paying higher premiums for your business insurance. It is important that your business is classified properly.

SIC Major Group Structure

Following is a list of the Major Group codes and titles for Public Administration – SIC Division J – For Commercial Insurance. Let’s look at some of the the SIC codes under your classification:

Major Group 91: Executive, Legislative, And General Government, Except Finance
Major Group 92: Justice, Public Order, And Safety
Major Group 93: Public Finance, Taxation, And Monetary Policy
Major Group 94: Administration Of Human Resource Programs
Major Group 95: Administration Of Environmental Quality And Housing Programs
Major Group 96: Administration Of Economic Programs
Major Group 97: National Security And International Affairs
Major Group 99: Nonclassifiable Establishments