What kinds products or services do you sell? What's the best way to describe your company's business operations? SBA Size Standards, Data Append Services Transportation, Communications, Electric, Gas, And Sanitary Services. You can search via the SIC Code directory which lays out everything you need for quick access. 35. How Is ChatGPT Used In The Commercial Insurance Industry? Learn how insurance companies use SIC codes to classify your industry and calculate your premiums. *Money lending/collecting. Gaming or Gambling Activities. Healthcare; specifically nursing homes, assisted living facilities, and continuing care retirement centers. If you'd like to learn how to build a "recession-proof" business that makes 6-7 figures a year from home, then click the link here to get started! They created NAICS to replace SIC codes. The industry classifications include the North American Industry Classification System (NAICS) Canada and the Standard Industrial Classification (SIC). Explore. 466 were here. Wood Product Manufacturing, Millwood, Veneer, Plywood, & Structural Wood Members, Wood Kitchen Cabinet and Countertop Manufacturing, Hardwood Veneer and Plywood Manufacturing, Softwood Veneer and Plywood Manufacturing, Engineered Wood Member (except Truss) Manufacturing, Manufactured Home (mobile Home) Manufacturing, Prefabricated Wood Building Manufacturing, Custom Architectural Woodwork and Millwork Manufacturing, Nonupholstered Wood Household Furniture Manufacturing, Household Furniture (except Wood and Metal) Manufacturing, Office Furniture (except Wood) Manufacturing, Office Supplies (except Paper) Manufacturing, Partitions, Shelvg, Lockers, & Office & Store Fixtures, Wood Office and Store Fixtures, Partitions, Shelving, and Lockers, Office and Store Fixtures, Partitions, Shelving, and Lockers, Except Wood, Furniture and Fixtures, Not Elsewhere Classified, Corrugated and Solid Fiber Box Manufacturing, Converted Paper and Paperboard Prods (no Contaners/boxes), Paper Bag and Coated and Treated Paper Manufacturing, All Other Converted Paper Product Manufacturing, Commercial Printing (except Screen and Books), Blankbooks, Looseleaf Binders & Bookbindg & Relatd Work, Service Industries For The Printing Trade, Other Basic Inorganic Chemical Manufacturing, Alumina Refining and Primary Aluminum Production, Plastic Material, Synth Resin/rubber, Cellulos (no Glass), Plastics Material and Resin Manufacturing, Artificial and Synthetic Fibers and Filaments Manufacturing, In - Vitro Diagnostic Substance Manufacturing, Biological Product (except Diagnostic) Manufacturing, Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics, Polish and Other Sanitation Good Manufacturing, Pesticide and Other Agricultural Chemical Manufacturing, All Other Misc. So the question is why and by how much? body{ Many business owners may not realize the risks they are exposed to, and insurance articles can highlight the potential consequences of not having the proper coverage. For Measuring, Totalizing Fluid Meter and Counting Device Manufacturing, Instrument Manufacturing. WACC. .pagination span.current, So using SIC code Information, one can gain a better understanding of their best customers and the industries that might best benefit from their products and services. Build-Up Model Issues Selecting an Industry Risk Premium Since industry risk premiums are based on Standard Industrial Classification (SIC) codes, it is important that the analyst has support for the selection of SIC codes for the subject company. This means that the companies in this industry sector faced risks below the overall market! Ambulatory Health Care Services, Professional and Management Development Training, Labor Unions and Similar Labor Organizations, Other Similar Organizations (except Business, Services - Engineering, Accounting, Research, Management, Surveying and Mapping (except Geophysical) Services, Services - Commercial Physical & Biological Research, Research and Development In Biotechnology, Other Heavy and Civil Engineering Construction, Administrative Management and General Management Consulting Services, Executive and Legislative Offices Combined, Public Order and Safety, Not Elsewhere Classified, Public Finance, Taxation, and Monetary Policy, Administration Of Social, Human Resource and Income Maintenance Programs, Administration Of Veterans' Affairs, Except Health and Insurance, Administration Of Air and Water Resource and Solid Waste Management Programs, Land, Mineral, Wildlife, and Forest Conservation, Administration Of Urban Planning and Community and Rural Development, Administration Of General Economic Programs, Regulation and Administration Of Transportation Programs, Regulation and Administration Of Communications, Electric, Gas, and Other Utilities, Regulation, Licensing, and Inspection Of Miscellaneous Commercial Sectors, Commercial Property Insurance Policy Coverage Forms, COVID-19 Small Business Insurance Survival Guide. How Much Does Workers Comp Insurance Cost? The content on EKinsurance.com is for informational purposes only and not intended to provide any financial or legal advice. Click Here for Data Appends & Targeted Marketing Lists. (Sponsor's Risk Only) Other Than Not-For-Profit: 10379: Carnivals--Outside (Sponsor's Risk Only) Not-For-Profit Only . vertical-align: -0.1em !important; We teach you how to build a business that is recession-proof! Designed as a resource guide for business appraisers, the site's audience encompasses a broad mix of business owners, professionals, educators, students, and other parties interested in these topics. m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) background-color:#4d4d4d !important; It vindicates your operations as legal commerce. Regulatory compliance requirements that can suddenly drive up the costs of doing business in the industry. Analytics cookies allow us to better understand how users interact with our website, which can help us to determine how we can improve our services to our users. discount rate, in practice the estimated discount e e Ke = Rf + (RPm + RPi) + RPs + CRP + RPz (based on the Build-up approach) (based on the CAPM approach) Rf = risk-free rate, RPm = market premium, RPi = industry premium, RPs = size premium, CRP = country risk premium, RPz = company specic risk and = beta K = cost of equity, Kd = after tax cost of debt, W and Wd = proportion of equity . Risk Type (NAICS CODES) by Coverage Category. the average risk-free rate . #main-nav ul li.current-menu-item a { The combination of the first and second digits then defines the major industry group. You also have the option to opt-out of these cookies. } Please enter your email address. If you enjoyed this article, Get email updates (Its Free) No related posts. 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