SIC Codes - Standard Industrial Classification (SIC) Codes

What is a SIC Code ?

Standard Industrial Classification (SIC) codes are four digit numerical codes assigned by the U.S. government to business establishments to identify the primary business of the establishment. The Standard Industrial Classification (SIC) is a system for classifying industries by a four-digit code. Established in the United States in 1937, it is used by government agencies to classify industry areas. The classification was developed to facilitate the collection, presentation and analysis of data; and to promote uniformity and comparability in the presentation of statistical data collected by various agencies of the federal government, state agencies and private organizations. The classification covers all economic activities.

The SIC system arrays the economy into 11 divisions, that are divided into 83 2-digit major groups, that are further subdivided into 416 3-digit industry groups, and finally disaggregated into 1,005 4-digit industries. In the United States the SIC code is being supplanted by the six-digit North American Industry Classification System (NAICS code), which was released in 1997; however certain government departments and agencies, such as the U.S. Securities and Exchange Commission (SEC), still use the SIC codes.

The SIC system is also used by agencies in other countries, e.g., by the United Kingdom's Companies House.

SIC Code Title
63 Insurance Carriers
6311 Life Insurance
631100 Life insurance
63110000 Life insurance
631101 Mutual association life insurance
63110100 Mutual association life insurance
63110101 Cooperative life insurance organizations
63110102 Fraternal life insurance organizations
63110103 Fraternal protective associations
631199 Life insurance, nec
63119901 Assessment life insurance agents
63119902 Benevolent insurance associations
63119903 Burial insurance societies
63119904 Funeral insurance
63119905 Legal reserve life insurance
63119906 Life insurance carriers
63119907 Life insurance funds, savings bank
63119908 Life reinsurance carriers
6321 Accident and Health Insurance
632100 Accident and health insurance
63210000 Accident and health insurance
632101 Accident and health insurance carriers
63210100 Accident and health insurance carriers
63210101 Accident insurance carriers
63210102 Health insurance carriers
632102 Mutual accident and health associations
63210200 Mutual accident and health associations
63210201 Accident associations, mutual
63210202 Fraternal accident and health insurance organizations
63210203 Sick benefit associations, mutual
632199 Accident and health insurance, nec
63219901 Assessment associations, accident and health insurance
63219902 Disability health insurance
63219903 Indemnity plans health insurance, except medical service
63219904 Reciprocal interinsurance exchanges
63219905 Reinsurance carriers, accident and health
6324 Hospital and Medical Service Plans
632400 Hospital and medical service plans
63240000 Hospital and medical service plans
632499 Hospital and medical service plans, nec
63249901 Dental insurance
63249902 Group hospitalization plans
63249903 Health Maintenance Organization (HMO), insurance only
6331 Fire, Marine, and Casualty Insurance
633100 Fire, marine, and casualty insurance
63310000 Fire, marine, and casualty insurance
633101 Agricultural insurance
63310100 Agricultural insurance
63310101 Federal Crop Insurance Corporation
633102 Fire, marine and casualty insurance and carriers
63310200 Fire, marine and casualty insurance and carriers
63310201 Associated factory mutuals, fire and marine insurance
63310202 Fire, marine, and casualty insurance: mutual
63310203 Fire, marine, and casualty insurance: stock
633199 Fire, marine, and casualty insurance, nec
63319901 Assessment associations: fire, marine and casualty insurance
63319902 Automobile insurance
63319903 Boiler insurance
63319904 Burglary and theft insurance
63319905 Contact lens insurance
63319906 Plate glass insurance
63319907 Property damage insurance
63319908 Reciprocal interinsurance exchanges: fire, marine, casualty
63319909 Workers' compensation insurance
6351 Surety Insurance
635100 Surety insurance
63510000 Surety insurance
635101 Surety insurance bonding
63510100 Surety insurance bonding
63510101 Employee bonding
63510102 Fidelity or surety bonding
63510103 Job completion guarantee bonding
635102 Fidelity insurance
63510200 Fidelity insurance
63510201 Fidelity responsibility insurance
635199 Surety insurance, nec
63519901 Assessment associations, surety and fidelity insurance
63519902 Credit and other financial responsibility insurance
63519903 Liability insurance
63519904 Mortgage guarantee insurance
63519905 Reciprocal interinsurance exchanges: surety, fidelity
63519906 Warranty insurance, home
6361 Title Insurance
636100 Title insurance
63610000 Title insurance
636199 Title insurance, nec
63619901 Guarantee of titles
63619902 Real estate title insurance
6371 Pension, Health, and Welfare Funds
637100 Pension, health, and welfare funds
63710000 Pension, health, and welfare funds
637101 Pensions
63710100 Pensions
63710101 Pension funds
63710102 Welfare pensions
637102 Union funds
63710200 Union funds
63710201 Union trust funds
63710202 Union welfare, benefit, and health funds
6399 Insurance Carriers, Nec
639900 Insurance carriers, nec
63990000 Insurance carriers, nec
639901 Deposit insurance
63990100 Deposit insurance
63990101 Bank deposit insurance
63990102 Federal Deposit Insurance Corporation (FDIC)
63990103 Federal Savings and Loan Insurance Corporation (FSLIC)
639999 Insurance carriers, nec, nec
63999901 Health insurance for pets
63999902 Warranty insurance, automobile
63999903 Warranty insurance, product; except automobile
 

What are SIC Codes used for?

  • The Security and Exchange Commission (SEC) uses SIC codes when sorting company filings.
  • Companies that operate in a certain industry use a specific SIC code when filing with the SEC so that the type of business is properly identified.
  • Identifying government contracts by their SIC description.
  • To facilitate the collection, presentation, and analysis of data.
  • To promote uniformity and comparability in the presentation of statistical data collected by various agencies of the federal government, state agencies, and private organizations.

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Why are SIC Codes important?

  • Your SIC code is often asked for on various applications and forms.
  • SIC Codes organize industries utilizing a numerical system that defines a business according to its highest revenue source at a particular location.
  • SIC Codes allow the gathering and analysis of data quickly and efficiently.
  • By identifying your company’s SIC Code, eligibility for government contracts may be realized.
  • To identify competitors, public and private.

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How to Read a SIC Code ?

For Example :

Division 20-39 Manufacturing
Major Group 25 Furniture and Fixtures
Industry Group 25 Office Furniture
Industry 2521 Wood Office Furniture

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.

( Note: The digit "9" is used in the third or fourth digit position of the classification code to designate miscellaneous industries not elsewhere classified (NEC). These miscellaneous classifications are not comprised of homogeneous primary activity groups. They are grouped together and treated as a separate industry in order to retain the homogeneity of the other industries in the group. )