TRANSPORTATION, COMMUNICATIONS, ELECTRIC, GAS, AND SANITARY SERVICES- SIC DIVISION E - FOR COMMERCIAL INSURANCE

Learn about Transportation, Communications, Electric, Gas, And Sanitary Services – SIC Division E – 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

Transportation, Communications, Electric, Gas, And Sanitary Services – SIC Division E

What’s the best way to describe your company’s business operations? Are you involved in the Transportation, Communications, Electric, Gas, And Sanitary Services industry?

If so, then your business classification falls under Transportation, Communications, Electric, Gas, And Sanitary Services – SIC Division E – 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 E – Transportation, Communications, Electric, Gas, And Sanitary Services – SIC Manual

This division includes establishments providing, to the general public or to other business enterprises, passenger and freight transportation, communications services, or electricity, gas, steam, water or sanitary services, and all establishments of the United States Postal Service.

For many of the industries in this division, the establishments have activities, workers, and physical facilities distributed over an extensive geographic area. For this division, the establishment is represented by a relatively permanent office, shop, station, terminal, or warehouse, etc. that is either:

directly responsible for supervising such activities or
the base from which personnel operate to carry out these activities.

Many of the industries are engaged in various related activities. For example, establishments of communications, pipeline, and utility enterprises include a variety of activities, such as power generation, pumping, transmission, and distribution. Establishments primarily engaged in such activities are all classified in this division. Establishments primarily engaged in new or replacement construction for establishments of these types of enterprises are classified as operating establishments in Division C, Construction. Locations engaged in activities such as sales of electric appliances to household consumers are classified in Division G, Retail Trade.

The establishments classified in this division furnish services to the general public or to other business enterprises; establishments which furnish similar services only to other establishments of the same enterprise are classified as auxiliary to the establishments or units of the enterprise which they serve. However, separate establishments primarily engaged in long-distance trucking, stevedoring, water transportation, or pipeline transportation are classified according to their activity and not as auxiliaries, even though they serve only establishments of the same enterprise.

How SIC Classifications Effect Your Commercial Insurance Cost

But how does your Transportation, Communications, Electric, Gas, And Sanitary Services – SIC Division E – 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 Transportation, Communications, Electric, Gas, And Sanitary Services – SIC Division E – For Commercial Insurance. Let’s look at some of the the SIC codes under your classification:

Major Group 40: Railroad Transportation
Major Group 41: Local And Suburban Transit And Interurban Highway Passenger Transportation
Major Group 42: Motor Freight Transportation And Warehousing
Major Group 43: United States Postal Service
Major Group 44: Water Transportation
Major Group 45: Transportation By Air
Major Group 46: Pipelines, Except Natural Gas
Major Group 47: Transportation Services
Major Group 48: Communications
Major Group 49: Electric, Gas, And Sanitary Services