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  1. SIC Codes are industry classification codes based on a companys primary line of business. For SIC code lookup by company name and to find a company's SIC Code you can use our search function on top of every page and search for a business.

  2. siccode.com › search-sic › insuranceSIC Codes for insurance

    SIC for "insurance" 6411 - Insurance Agents, Brokers and Service. Agents primarily representing one or more insurance carriers, or brokers not representing any particular carriers primarily engaged as independent contractors in the sale or placement of insurance contracts with carriers, but not employees of the insurance carriers they represent.

    • What Is A Sic Code?
    • Sic Codes vs. NAICS Codes
    • Understanding Sic Codes
    • How to Find Your Sic Code
    • How to Read Sic Codes
    • Real-World Examples of Sic Codes
    • The Bottom Line

    Standard Industrial Classification (SIC) codes are four-digit numerical codes used to categorize U.S. companies by the industries in which they operate. Companies are required to use them in certain government filings. SIC codes were created by the U.S. government in 1937 to help classify and analyze economic activity across various industries and ...

    The Standard Industrial Classification codes were supposed to be replaced in 1997 by a system of six-digit codes called the North American Industry Classification System (NAICS).The NAICS codes were adopted in part to standardize industry data collection and analysis between Canada, the United States, and Mexico, which had entered into the North Am...

    The SIC system classifies the economy into 11 major divisions: 1. Agriculture, forestry, and fishing 2. Mining 3. Construction 4. Manufacturing 5. Transportation and public utilities 6. Wholesale trade 7. Retail trade 8. Finance, insurance, real estate 9. Services 10. Public administration 11. Nonclassifiable establishments These are then divided i...

    There are many different ways to find the most appropriate SIC code for your company. 1. The United States Department of Labor maintains an online system search tool to search SIC codes by keywords. 2. If you know your NAICS code, there are online resources to identify corresponding SIC codes. 3. The Security and Exchange Commission publishes the f...

    Each digit in a SIC code has a meaning. To read a SIC code, each set of digits should be independently evaluated to determine the overall meaning of the code.

    Apple Inc.'s SEC filings show its SIC code as 3571 (electronic computers). The first two digits—35—identify its major industry group as "Industrial and Commercial Machinery and Computer Equipment," while the third digit—7—narrows its industry group down to "Computer and Office Equipment" and the final digit—1—classifies it as "electronic computers....

    Standard Industrial Classification (SIC) codes for U.S. businesses were supposed to have been phased out some 27 years ago. This shorthand, four-digit descriptor of the industry in which a company operates was to have been replaced by another classification system, the North American Industry Classification System (NAICS). That didn't quite happen....

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  3. Jan 17, 2024 · What Is SIC Code in Insurance? When it comes to insurance, SIC codes are used to define and classify businesses based on the products and services they provide. These codes serve as a valuable tool for insurance providers in assessing the risks associated with their clients. Say an individual applies for commercial vehicle insurance.

    • A. Division A: Agriculture, Forestry, And Fishing. This division includes establishments primarily engaged in agricultural production, forestry, commercial fishing, hunting and trapping, and related services.
    • B. Division B: Mining. This division includes all establishments primarily engaged in mining. Major Group 10: Metal Mining. Major Group 12: Coal Mining. Major Group 13: Oil And Gas Extraction.
    • C. Division C: Construction. This division includes establishments primarily engaged in construction. The term construction includes new work, additions, alterations, reconstruction, installations, and repairs.
    • D. Division D: Manufacturing. The manufacturing division includes establishments engaged in the mechanical or chemical transformation of materials or substances into new products.
  4. Jan 1, 2013 · What is a Primary SIC Code? Each and every company will have a primary SIC code. This number indicates a company's primary line of business. What determines a company's primary SIC code is the code definition that generates the highest revenue for that company at a specific location in the past year. Helpful SIC Code Tools

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  6. Jul 4, 2024 · In the insurance industry, SIC codes play a vital role. They identify a business’ industry class which is integral to calculating premiums. Furthermore, SIC codes enable insurance agents to gain greater insight into clients’ operations and risks so they can develop targeted marketing and sales strategies more efficiently.

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