ga('create', 'UA-41701689-1', 'socialmediadata.com'); Industry: 5812Eating Places. Any industry that isnt classified as high risk or part of the auto-ban list, is going to be low risk by default. It vindicates your operations as legal commerce. The third digit tells you the specific industry group. famous las vegas male singers. } Scale: The IRS is graded on a six-point scale, with '1' indicating 'high risk' and '6' indicating 'low risk'. font-family: 'Lato'; 33. Emergence of new competitive threats domestically and internationally. Technological changes that may require considerable investment to stay competitive. Click Here for Data Appends & Targeted Marketing Lists. How Is ChatGPT Used In The Commercial Insurance Industry? } If you enjoyed this article, Get email updates (Its Free) No related posts. on Business valuation and industry specific risk, Business Valuation in an Economic Downturn, Effect of COVID-19 pandemic on business value, Business valuation and industry specific risk, Discounted Cash Flow business valuation method. SIC = Standard Industry Classification. Back. , Posted by: 2020 was a year of turmoil in the commercial sector and private sector. . The 4-digit primary SIC code denotes a specific industry that you can choose to be at the core of your business. The valid Standard Industrial Classification (SIC) Codes must be used for Employment Tax Incentive (ETI) purposes. These are some of the questions asked by commercial insurance companies when trying to classify your business by Standard Industrial Classification (SIC) code. 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. font-family: 'Lato'; font-size : 16px !important; So the question is why and by how much? #reading-position-indicator { We recommend keeping these cookies enabled. (Because this industry has greater chance of liability or damage being incurred). Private companies created 6, 7, and 8-digit SIC codes systems (known as Extended SIC Codes), which account for more specific sub-industries, as well as new and emerging industries. Privacy Policy .button,a.button,#main-content input[type="submit"],#main-content input[type="submit"]:focus, span.onsale, An SIC code is a four digit numerical code assigned by the U.S. government to businesses in order to identify the primary activity of the business. 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. D/E Ratio. industry risk premium by sic code - manorvilleambulance.org Gain financial stability like never before! .widget-top h4, .widget-top h4 a{ 1.1 OVERVIEW OF GICS . For Measuring, Totalizing Fluid Meter and Counting Device Manufacturing, Instrument Manufacturing. .logo span{ These codes are important because they help to ensure that workers compensation premiums are accurately calculated based on the risk level of the specific occupation or industry. 210+ Victoria Beckham Quotes; sally doocy finance. All rights reserved. We also use third-party cookies that help us analyze and understand how you use this website. font-family: 'Lato'; SBA Size Standards, SIC Code Search (Thats because most contractors are being outsourced by bigger companies), Gasoline stations or convenience stores. font-weight: normal !important; Fabricated Metal Product Manufacturing, Plumbing Fixture Fitting and Trim Manufacturing, Heating Equipment (except Warm Air Furnaces) Manufacturing, Fabricated Structural Metal Manufacturing, Ornamental and Architectural Metal Work Manufacturing, Prefabricated Metal Building and Component Manufacturing, Ordnance and Accessories, (no Vehicles/guided Missiles), Ammunition (except Small Arms) Manufacturing, Fluid Power Valve and Hose Fitting Manufacturing, Valves and Pipe Fittings, Not Elsewhere Classified, Fabricated Pipe and Pipe Fitting Manufacturing, Turbine and Turbine Generator Set Units Manufacturing, Farm Machinery and Equipment Manufacturing, Lawn and Garden Tractor and Home Lawn and Garden Equipment Manufacturing, Construction, Mining & Materials Handling Machinery & Equip, Mining Machinery and Equipment Manufacturing, Oil and Gas Field Machinery and Equipment Manufacturing, Elevator and Moving Stairway Manufacturing, Conveyor and Conveying Equipment Manufacturing, Cutting Tool and Machine Tool Accessory Manufacturing, Rolling Mill and Other Metalworking Machinery Manufacturing, Electric and Gas Welding and Soldering Equipment, Special Industry Machinery (no Metalworking Machinery), Printing Machinery and Equipment Manufacturing, General Industrial Machinery and Equipment, Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing, Industrial Process Furnace and Oven Manufacturing, Mechanical Power Transmission Equipment Manufacturing, General Industrial Machinery and Equipment, Nec, Computer Terminal and Other Computer Peripheral Equipment Manufacturing, Calculating and Accounting Machines (no Electronic Computers), Computer and Peripheral Equipment Manufacturing, Refrigeration and Service Industry Machinery, Other Commercial and Service Industry Machinery Manufacturing, Air Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing, Measuring and Dispensing Pump Manufacturing, Misc Industrial and Commercial Machinery and Equipment, Motor Vehicle Gasoline Engine and Engine Parts Manufacturing, Fluid Power Cylinder and Actuator Manufacturing, Electronic and Other Electrical Equipment (no Computer Equip), Switchgear and Switchboard Apparatus Manufacturing, Carbon and Graphite Product Manufacturing, Relay and Industrial Control Manufacturing, All Other Misc. #main-nav ul li.current-menu-parent a:hover, Cordell, Oklahoma Funeral Homes, Paris Bennett Documentary, Electronic And Other Electrical Equipment And Components, Except Computer Equipment. Our primary business is Car wash Equipment Manufacturing, the soaps and detail supplies is only secondary. Our primary business is Car wash Equipment Manufacturing, the soaps and detail supplies is only secondary. Buffalo Mo Sale BarnD & S Auto Sales Used Car Dealers New Car Dealers industry risk premium by sic code - absolutefoods.org The SIC code pages also show the related related General Liability, NAICS and NCCI and State codes as well as a cross reference. #main-nav,.top-nav {border-bottom-color: #27a8ad;} #main-nav ul li.current-page-ancestor a:hover, Retail - Miscellaneous Retail in the most recent year 3 industry may or! Industry risk premium | Wall Street Oasis The use of SIC codes makes it possible to pinpoint a company's main operation. text-align: center; The Standard Industrial Classification (SIC) system was created by the government to categorize businesses by industry and uses four-digit numerical codes to classify them. The US Government adopted the NAISC in 1997. To make the comparison easier, we will assume that both firms have the same company-specific risk profile that adds another 4.1% to their discount rates. .pagination span.current, Notice: Undefined index: HTTP_ACCEPT_LANGUAGE in C:\Inetpub\vhosts\vorapack.com\httpdocs\wp-content\themes\the-core-parent\functions.php on line 160 GICS - Global Industry Classification Standard - MSCI From Cacao Beans, Roasted Nuts and Peanut Butter Manufacturing, Flavoring Syrup and Concentrate Manufacturing, Miscellaneous Food Preparations and Kindred Products, Seafood Product Preparation and Packaging, Narrow Fabric Mills and Schiffli Machine Embroidery, Finishers Of Broadwoven Fabrics Of Cotton, Finishers Of Broadwoven Fabrics Of Manmade Fiber and Silk, Apparel and Other Finishd Prods Of Fabrics and Similar Matl, Men's and Boys' Suits, Coats, and Overcoats, Men's and Boys' Furnishgs, Work Clothg, & Allied Garments, Men's and Boys' Cut and Sew Apparel Manufacturing, Apparel Accessories and Other Apparel Manufacturing, Men's and Boys' Separate Trousers and Slacks, Women's, Misses', and Juniors' Suits, Skirts, and Coats, Women's, Misses', and Juniors' Outerwear, Not Elsewhere Classified, Women's, Misses', Children's and Infants' Undergarments, Women's, Misses', Children's, and Infants' Underwear and Nightwear, Girls', Children's, and Infants' Dresses, Blouses, and Shirts, Girls', Children's, and Infants' Outerwear, Not Elsewhere Classified, Miscellaneous Fabricated Textile Products, Pleating, Decorative and Novelty Stitching, and Tucking For The Trade, All Other Misc. font-family: 'Lato'; ValuAdder For financial research this gives a low degree of consistency over time. } Caterers and industrial and institutional food service establishments are also included in this industry. why is stassie karanikolaou rich; minecraft particle list; ottawa, ks police reports; why might b2b sales be a more financially rewarding career area than consumer sales My recent interview on Diversification And The Secrets Of Entrepreneurial Success, Coffee with Jon The Power of Training with Oz Konar Founder of Business Lending Blueprint. You can search via the SIC Code directory which lays out everything you need for quick access. .ei-title h2 , .slider-caption h2 a, .content .slider-caption h2 a, .slider-caption h2, .content .slider-caption h2, .content .ei-title h2{ #main-nav, #main-nav ul ul, #main-nav ul li.mega-menu .mega-menu-block {background-color:#4d4d4d !important;;} In 2009 the lowest risk industries such as the educational services under the SIC code 82 showed negative industry specific risk premia . S&P 500) and the return of risk-free securities. background-color:#27a8ad !important; .ei-title h2,h2.cat-box-title, Insurance companies use NAICS codes to identify customers by industry code. The Duff & Phelps Risk Premium Report (the Report) can be used to develop cost of equity capital estimates using both the build-up method and the capital asset pricing model (CAPM).. HiLo Risk. Click on the linked groups to drill down to the four digit codes: This division includes establishments primarily engaged in agricultural production, forestry, commercial fishing, hunting and trapping, and related services. Useful Data Sets - New York University Box 344 Insurance companies use NAICS codes to identify customers by industry code. So the question is why and by how much? Typically, agencies will use SIC Codes at the 4-digit U.S. Government level, but you may encounter 6, 7, or 8-digit classifications as well. 541990 - All Other Professional, Scientific, and Technical Services. Carpet, Rug or Upholstery Cleaning--Shop Only: 11020: Catalog or Premium Coupon Redemption Stores: 11039: Caterers . First and foremost, they provide information about the various types of insurance available for businesses. NAICS & SIC Codes - Company and Industry Information Resource Guide Electronic And Other Electrical Equipment And Components, Except Computer Equipment. .tagcloud a:hover, industry risk premium by sic code - hotelleshelton.com clear: both; Commonly used equipment, such as sorting machines or single strain machines, are now available in . vertical-align: -0.1em !important; The combination of the first and second digits then defines the major industry group. Next Post Next; lake waco murders blog. SIC codes and NAICS codes are worthless if your business isnt recession proof. February 27, 2023 equitable estoppel california No Comments . Established in the United States in 1937, it is used by government agencies to classify industry areas.". You can easily access coupons about "If Industry Risk Premium By Sic Code" by clicking on the most relevant deal below. security. 6200 - HEALTH CARE AND SOCIAL ASSISTANCE. font-family: 'Lato'; Some SIC codes can trigger automatic turn-downs, higher premiums, and reducing credit limits for your business. GLOBAL INDUSTRY CLASSIFICATION STANDARD (GICS) METHODOLOGY | January 2020 . SIC Codes SIC Code Search SIC Code FAQ SIC to NAICS Crosswalk SIC Code Appends SBA Size Standards. Risk Management Inc. Chicago, IL, 60604 US. Prior to deciding how to use this industry data, the analyst should also consider the number Cordell, Oklahoma Funeral Homes, Paris Bennett Documentary, Electronic And Other Electrical Equipment And Components, Except Computer Equipment. background: none !important; Business valuation and industry specific risk - ValuAdder The new system provides five levels of classification (compared to four in SIC) in detailed codes that have a maximum of six digits (up from four in SIC) and detailed classifications called "U.S. Industry" (instead of "Industry" in the SIC). It is paramount that creditors and lenders are able to see a company in a positive light. NAICS Code Search This can help business owners stay on top of their insurance needs and make sure they have the coverage they need. Lost your password? Healthcare; specifically nursing homes, assisted living facilities, and continuing care retirement centers. 276 State Highway 32 Buffalo, MO 65622 (417) 345-8122 Get Directions Similar Businesses Detailed Information Location Typeunknown Year Established2004 Annual Revenue Estimateunknown SIC Code show Employees2 to 4 Contactsshow There are no reviews yet. Then for the business activity code NAICS, the third digit will identify the industry group. The first two digits of the code identify the major industry group, the third digit identifies the industry group and the fourth digit identifies the industry. SIC codes classify the economy into 20 sectors, which are separated into 99 3-digit subsectors, which are divided into 311 4-digit industry groups, which are further subdivided into 709 5-digit industries, and finally disaggregated into 1057 6-digit U.S. industries. industry risk premium by sic code. One of the primary factors considers is funding. Remember that SIC codes don't mean an industry is profitable. The use of SIC codes makes it possible to pinpoint a company's main operation. The manufacturing division includes establishments engaged in the mechanical or chemical transformation of materials or substances into new products. } Political campaigns, candidates, or committees. Additionally, business insurance articles can help business owners understand the importance of having insurance. We are certified by VikingCloud cybersecurity. From Cacao Beans, Roasted Nuts and Peanut Butter Manufacturing, Flavoring Syrup and Concentrate Manufacturing, Miscellaneous Food Preparations and Kindred Products, Seafood Product Preparation and Packaging, Narrow Fabric Mills and Schiffli Machine Embroidery, Finishers Of Broadwoven Fabrics Of Cotton, Finishers Of Broadwoven Fabrics Of Manmade Fiber and Silk, Apparel and Other Finishd Prods Of Fabrics and Similar Matl, Men's and Boys' Suits, Coats, and Overcoats, Men's and Boys' Furnishgs, Work Clothg, & Allied Garments, Men's and Boys' Cut and Sew Apparel Manufacturing, Apparel Accessories and Other Apparel Manufacturing, Men's and Boys' Separate Trousers and Slacks, Women's, Misses', and Juniors' Suits, Skirts, and Coats, Women's, Misses', and Juniors' Outerwear, Not Elsewhere Classified, Women's, Misses', Children's and Infants' Undergarments, Women's, Misses', Children's, and Infants' Underwear and Nightwear, Girls', Children's, and Infants' Dresses, Blouses, and Shirts, Girls', Children's, and Infants' Outerwear, Not Elsewhere Classified, Miscellaneous Fabricated Textile Products, Pleating, Decorative and Novelty Stitching, and Tucking For The Trade, All Other Misc. 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 . General Liability class codes are important because they act as a Standard controlled for, we can distinguish four approaches Golf Rd, Rolling Meadows, Illinois, 60008, United States Inc. income And presented 66 separate IRPs these lists are different, although they share a similar purpose a small privately business! This includes changes in laws and regulations, as well as updates on the various insurance policies available. The new system provides five levels of classification (compared to four in SIC) in detailed codes that have a maximum of six digits (up from four in SIC) and detailed classifications called "U.S. Industry" (instead of "Industry" in the SIC). A Potential Pitfall in Industry Risk Premiums - QuickRead | News for The content on EKinsurance.com is for informational purposes only and not intended to provide any financial or legal advice. These lists are different, although they share a similar purpose. One of the key factors that affects the value of a company is the industry in which it operates. What type of industry are you involved in? PDF Cost of Capital Insights - Valuation Products and Services .cat-box , .footer-bottom .container{border-top-color: #27a8ad;} Thats why we at BLB are teaching people like you how to become loan brokers who make profit off of credit repair. font-weight: bold !important; 524210 - Insurance Agencies and Brokerages. How Insurance Companies Use SIC Codes (Industry Classifications) The main purpose of creating the Standard Industrial Classification (SIC), according to the U.S. Census Bureau, is to classify businesses "for the purpose of collecting, analyzing and publishing statistical data related to the U.S. business economy.". Following is the SIC Code lookup (looking for General Liability Class Codes, NAICS Codes or NCCI Workers Comp Class Codes?). Equity Risk Premium (ERP) | Formula + Calculator - Wall Street Prep 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. How Is ChatGPT Used In The Commercial Insurance Industry? })(window,document,'script','//www.google-analytics.com/analytics.js','ga'); My recent interview on Diversification And The Secrets Of Entrepreneurial Success, Coffee with Jon The Power of Training with Oz Konar Founder of Business Lending Blueprint. Millions lost their jobs and many companies shut down permanently. *Money lending/collecting. These Cookies are used to allow for Advertisements that Cater to your interests. Industry codes help insurers with several analytical processes involving marketing, underwriting, exclusions, loss control, forms, pricing and other operations. Some small business sic code classifications can result in you paying higher premiums for your business insurance. All rights reserved. George Risk Industries Inc. We teach you how to build a business that is recession-proof! With the SIC Code lookup by industry, they can target their marketing on businesses that they specialize in, or want to gain as customers. Major Group 24: Lumber And Wood Products, Except Furniture. } The latest SIC Coding system can be found on Statistic SA www.statssa.gov.za. Companies seek credit repair is because they either need a loan or they are seeking special financing. Risk Premium and Cost of Capital: Application in Mining Industry How Is ChatGPT Used In The Commercial Insurance Industry? Here are a few of the codes to stay away from relating to the following industries: *Real estate investing or anything else regarding investing of any type. font-weight: bold !important; Barriers to competitive entry such as initial capital investment, license requirements or unique know-how. what is a t2 hyperintense liver lesion industry risk premium by sic code. Jewelry, precious stones and metals; wholesale and retail. Emergency? 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. (These are also known as c-stores). privacy font-weight: lighter !important; For Mechanical Use, Unlaminated Plastics Film and Sheet (except Packaging) Manufacturing, Unlaminated Plastics Profile Shape Manufacturing, Plastics Pipe and Pipe Fitting Manufacturing, Urethane and Other Foam Product (except Polystyrene) Manufacturing, All Other Leather Good and Allied Product Manufacturing, Other Pressed and Blown Glass and Glassware Manufacturing, Glass Product Manufacturing. 62020 Information technology consultancy activities. 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. A company that has an SIC code has several advantages over other businesses: The Office of Management and Budget (OMB) created the North American Industry Classification System (NAICS). m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) What Are The Different Types Of Insurers? Beaneries. The basic CAPM assumes that the K e risk premium component is a function of the investment's systematic risk only. It is important that your business is classified properly. industry risk premium by sic code. Healthcare; specifically nursing homes, assisted living facilities, and continuing care retirement centers. background-color:#4d4d4d !important; Dont Think Like a Consumer (Business Lending Blueprint) #Short, How does Alternative Lending Industry REALLY work, Ammunition or Weapons Manufacturing; wholesale or retail, Check Cashing Agencies or other cashing companies, Loans for the speculative purchases of securities, goods, or risky items, Energy, oil trading, or petroleum extraction or production. #main-nav ul li { Gain financial stability like never before! To demonstrate the effect of industry risk on company valuations, we will pick two firms with identical earnings forecasts for the next 5 years. The first two digits of the code identify the major industry group, the third digit identifies the industry group and the fourth digit identifies the industry. Multiple with the selection of the appropriate SIC code to a 6-digit ( NAICS ) code to a ( Reported only two-digit SIC codes system did not have consistency over time because the the Is the source of the best ways to increase the value of your waste management is. What Is The Terrorism Risk Insurance Act (TRIA)? } Given the typical discount rates of some 25%for privately owned firms, thiscould make a difference of more than 8%and greatly affect thevaluations of companies in these industries. 62090 Other information technology service activities. You also have the option to opt-out of these cookies. Long distance or over-the-road trucking. Wolf Creek, Oregon Witches, Before you select an SIC code and NAICS code there are certain industries or codes that are flagged as high risk. SIC Code Lookup By Industry. If your operations include more than one type of business, you may need more than one SIC Code. Youve come to the right place! 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. To provide the level of precision critical in the investment process, the GICS is designed with four levels of classifications that includes 11 Sectors, 24 Industry Groups, 69 Industries, and 158 Sub-Industries. Risk Type (NAICS CODES) by Coverage Category. Gain financial stability like never before! However, it remained on its second-lowest level since the Cost of Capital Study has been published. Scale: The IRS is graded on a six-point scale, with '1' indicating 'high risk' and '6' indicating 'low risk'. ::-webkit-scrollbar-thumb{background-color:#27a8ad !important;} box-shadow: none !important; This website uses cookies to improve your experience while you navigate through the website. A full list of SIC codes can be found on the Companies House . Disabling these should not impact website performance. The new system provides five levels of classification (compared to four in SIC) in detailed codes that have a maximum of six digits (up from four in SIC) and detailed classifications called "U.S. Industry" (instead of "Industry" in the SIC). |, If you enjoyed this article, Get email updates (Its Free), Remember The Titans Gettysburg Speech Analysis, La Science Et La Technologie Avantages Et Desavantages, Social Media Channel Breakdown by Generation. No. * Current Number of US Businesses within that Primary SIC Code.