Standard Industrial Classification Code 8731 - Services - Commercial Physical & Biological Research
Are you searching for the SIC Code 8731 - Services - Commercial Physical & Biological Research?
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 8731 - Services - Commercial Physical & Biological Research. Learn more about the SIC 8731 in the Services sector and its related General Liability, NCCI, and NAICS codes.
What Is The Description Of The SIC Code 8731?
The description for the SIC Code 8731 - Services - Commercial Physical & Biological Research in the Services sector is:Establishments Primarily Engaged In Commercial Physical and Biological Research and Development On A Contract or Fee Basis. Noncommercial Research Establishments Funded By Endowments, Grants, or Contributions Are Classified In Industry 8733. Separate Establishments Of Aircraft, Guided Missile, or Spacecraft Manufacturers Primarily Engaged In Research and Development On These Products Are Classified In Manufacturing, Major Group 37.
- agricultural Research,
- biological Research Commercial
- chemical Laboratories, Commercial Research Except Testing
- engineering Laboratories, Commercial Research: Except Testing
- food Research Commercial
- industrial Laboratories Commercial Research: Except Testing
- physical Research Commercial
- research and Development Physical and Biological: Commercial
SIC Code 8731 - The Bottom Line
The Standard Industrial Classification SIC Code for Services - Commercial Physical & Biological Research in the Services is 8731.
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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.