Standard Industrial Classification Code 7041 - Organization Hotels and Lodging Houses, On Membership Basis
Are you searching for the SIC Code 7041 - Organization Hotels and Lodging Houses, On Membership Basis?
Get information about this Standard Industrial Classification (SIC) Code and its related General Liability, National Council on Compensation Insurance (NCCI) and Standard Industrial Classification (NAICS) codes.
The SIC Code 7041 - Organization Hotels and Lodging Houses, On Membership Basis. Learn more about the SIC 7041 in the Services sector and its related General Liability, NCCI, and NAICS codes.
What Is The Description Of The SIC Code 7041?
The description for the SIC Code 7041 - Organization Hotels and Lodging Houses, On Membership Basis in the Services sector is:Lodging Houses and Hotels Operated By Membership Organizations For The Benefit Of Their Constituents, and Not Open To The General Public. Commercial Hotels Operated By Such Organizations Are Classified In Industry 7011 and Commercial Rooming and Boarding Houses Are Classified In Industry 7021. Residential Homes For The Aged and Handicapped Are Classified In Industry 8361
- boarding Houses Operated By Organizations For Members Only
- boarding Houses, Fraternity and Sorority
- fraternity Residential Houses
- hotels Operated By Organizations For Members Only
- lodging Houses Operated By Organizations For Members Only
- residence Clubs Operated By Organizations For Members Only
- rooming Houses Operated By Organizations For Members Only
- rooming Houses, Fraternity and Sorority
- sorority Residential Houses
SIC Code 7041 - The Bottom Line
The Standard Industrial Classification SIC Code for Organization Hotels and Lodging Houses, On Membership Basis in the Services is 7041.
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Get useful tips and information about how much commercial insurance costs, small business risks and exposures, how insurance regulations effect your businesses' and detailed descriptions of coverages and exclusions and more. Most small businesses need to buy the following four types of insurance at a minimum to cover their operations from every day risks:
Property Insurance: This policy covers a business if the property used in the business is damaged or stolen as the result of common perils like fire or theft. Commercial property insurance covers the buildings, structures and also business personal property - which includes furniture, inventory, raw materials, machinery, computers and other items.
Liability Insurance: Any company can be sued. Slip-and fall lawsuits are very common and be costly. Customers can claim you injured them or damaged their property - and lawsuits are very expensive. Commercial liability insurance pays damages and can include attorney's fees and other legal expenses. It also ca pay for the medical bills of injured third parties
Commercial Auto Insurance: For vehicles owned by the business. Commercial auto insurance pays bodily injury or property damage costs for which the business is found liable - up the the policy limits for liability and property damage.
Workers Compensation Insurance: In almost every state employers must provide workers comp when there are W2 employees. Workers compensation pays for the medical care of employees and can replace a portion of lost wages - regardless of who was at fault for the injuries.