Services
- SIC Division I - For Commercial Insurance

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Learn about Services - SIC Division I - 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.

Services - SIC Division I - For Commercial Insurance

Services - SIC Division I - For Commercial Insurance

What's the best way to describe your company's business operations? Are you involved in the Services industry?

If so, then your business classification falls under Services - SIC Division I - 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 I - Services - SIC Manual

This division includes establishments primarily engaged in providing a wide variety of services for individuals, business and government establishments, and other organizations. Hotels and other lodging places; establishments providing personal, business, repair, and amusement services; health, legal, engineering, and other professional services; educational institutions; membership organizations, and other miscellaneous services, are included.

Establishments which provide specialized services closely allied to activities covered in other divisions are classified in such divisions.

How SIC Classifications Effect Your Commercial Insurance Cost

But how does your Services - SIC Division I - 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 Services - SIC Division I - For Commercial Insurance. Let's look at some of the the SIC codes under your classification:

Services - SIC Division I - For Commercial Insurance

We hope this information on Services - SIC Division I - For Commercial Insurance has been helpful. Your classification determines how much you pay for your business insurance and more.

More SIC Division Codes

Agriculture, Forestry, And Fishing, Construction, Finance, Insurance, And Real Estate, Manufacturing, Mining, Public Administration, Retail Trade, Services, Transportation, Communications, Electric, Gas, And Sanitary Services, Wholesale Trade

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