Category: Financial Institutions and Business insurance cost
SIC CODE: 6311 Life Insurance
6321 Accident & Health Insurance
6324 Hospital and Medical Service Plans
6331 Fire, Marine, and Casualty Insurance
6351 Surety Insurance
6361 Title Insurance
6371 Pension, Health, and Welfare Funds
6399 Insurance Carriers, NEC
NAICS CODE: 524113 Direct Life Insurance Carriers
524114 Direct Health and Medical Insurance Carriers
524126 Direct Property and Casualty Insurance Carriers
524127 Direct Title Insurance Carriers
524128 Other Direct Insurance (Except Life, Health and Medical) Carriers
524130 Reinsurance Carriers
Suggested ISO General Liability Code: 61226, 61224
Suggested Workers Compensation Code: 8723, 8720
Product liability exposure
business insurance cost of product liability exposure is very low as insurance products sold to customers are intangible also There may be some minor exposure if the company sells items like tee shirts or advertising novelties to agents or customers.
Workers compensation exposures and business insurance cost
workers compensation exposures are moderate due to the wide variety of positions in an insurance company. Office employees spend most of their time on computers and are subject to eye strain, neck strain, and repetitive motion injuries such as carpal tunnel syndrome Almost all workstations should be ergonomically designed to reduce the chance of such injuries. Employees traveling outside the office encounter over-the-road exposures, particularly in high-density traffic areas. As a result, Claim representatives and inspectors are subject to a variety of unknown exposures from the operations of customers and claimants that they service. Loss sites may be particularly hazardous due to work in damaged buildings or under compromised conditions. Business insurance cost based on these values is different.
Business insurance cost in Business Insurance San Diego
Property Exposures in business are primarily from fire due to the electrical wiring for computers, printers, mail sorters, and other electronic office equipment, heating, and air conditioning systems. Based on these items business insurance cost is different Even more, all wiring must meet current codes, be well maintained and adequate for the company’s operations. Circuit breakers must not be accessible to be overridden. Circuitry for electronic equipment may be easily damaged from smoke, water, and heat, which will cause a total loss even with a small fire. Also, most insurance companies now use paperless record systems, any paper files should be kept in fireproof file cabinets. Fire suppression systems designed for the equipment and paper should be in place. Also If the company has an on-site cafeteria for employees, cooking surfaces should be protected with automatic extinguishing agents, alarms, and shut-off valves. Grease filters should be regularly cleaned. Protective equipment should be maintained and serviced on a regular basis.