SIC Code- 5057

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joey52
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SIC Code- 5057

Post by joey52 »

I can't seem to find anyone that can write this code. They are currently with State Fund and I think it might be the only writer. Anyone out there have a market for this code.

Although the description for code 5057 is- Steel, structural and exterior installation.

And this business is a company that moves and installs safes and vaults for businesses and individuals.

Thanks for any advice.
LadyBroker
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Re: SIC Code- 5057

Post by LadyBroker »

Maybe it's just me, but it looks like your SIC code is not appropriate for the business the client is doing. These guys aren't structural steel erectors, there must be a better code that suits their line.
"It's a typical day, on the road to Utopia.."
BKCPCU
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Re: SIC Code- 5057

Post by BKCPCU »

Read the SCOPES manual. A cross reference for code 5057 is Vault Construction or Installation. "Code 5057 is additionally applied to specialist contractors engaged in the construction or installation of fire- or burglar-proof vaults."
gregcw
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Re: SIC Code- 5057

Post by gregcw »

joey52 wrote: Although the description for code 5057 is- Steel, structural and exterior installation.
And this business is a company that moves and installs safes and vaults for businesses and individuals.
Thanks for any advice.
LadyBroker wrote:Maybe it's just me, but it looks [i]like your SIC code is not appropriate for the business[/i] the client is doing. These guys aren't structural steel erectors, there must be a better code that suits their line.
I agree with LadyBroler The SIC code is definitely wrong I did a quick search and came up with these two SIC codes:
1796 Installation Or Erection Of Building Equipment and 5044f Safes & Vaults Wholesale.

You might also want to go to the NCCI (National Council on Compensation Insurance) website,
http://www.ncci.com/ncciweb/ncci.asp?lf ... i_main.asp, where you can look up the risk and find out what their controlling class code is. Safe Manufacturing or Repairing is class code 3507
Gregcw
joey52
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Joined: Wed Mar 05, 2008 3:59 pm

Re: SIC Code- 5057

Post by joey52 »

Thanks everyone for your input. I will checkout the other codes and look a little deeper into the SIC code description.
Santa Rosa Ins Broker
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Re: SIC Code- 5057

Post by Santa Rosa Ins Broker »

The ISO Classification guide confirms that 5057-Iron or Steel Erection is the correct Workers Compensation Classification class for Vault Installations. The Correct Standard Industry Classification(SIC) is either 1799-Specialty Trade Contractor or 1791-Structural Stell Erection.
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