| 524121 | Direct General Property and Casualty Insurance Carriers
This industry comprises establishments engaged only in underwriting a combination of automobile insurance, property insurance and liability insurance, directly to policyholders, with no one of the three types accounting for more than 70 percent of the nominal output. Nominal output is measured as premiums less claims plus investment income.
Exclusion(s): Establishments primarily engaged in:
*reinsuring general and other insurance (524139, General and Other Reinsurance Carriers). |
| 524122 | Direct, Private, Automobile Insurance Carriers
This industry comprises private establishments in which more than 70 percent of nominal output is derived from underwriting automobile insurance directly to policyholders. Nominal output is measured as premiums less claims plus investment income.
Automobile insurance is often provided in a package which includes liability insurance and vehicle loss or damage insurance. Automobile insurance includes insurance for private and commercial vehicles.
Exclusion(s):
*government-owned establishments engaged in underwriting automobile insurance (524123, Direct, Public, Automobile Insurance Carriers);
and establishments primarily engaged in:
*reinsuring automobile insurance (524133, Automobile Reinsurance Carriers). |
| 524123 | Direct, Public, Automobile Insurance Carriers
This industry comprises government-owned establishments engaged in underwriting automobile insurance directly to policyholders.
Exclusion(s):
*private establishments engaged in underwriting a combination of automobile, property and liability insurance (524121, Direct General Property and Casualty Insurance Carriers); *private establishments specialized in underwriting automobile insurance (524122, Direct, Private, Automobile Insurance Carriers);
and establishments primarily engaged in:
*reinsuring automobile insurance (524133, Automobile Reinsurance Carriers). |
| 524124 | Direct Property Insurance Carriers
This industry comprises establishments in which more than 70 per cent of nominal output is derived from underwriting property insurance directly to policyholders. Nominal output is measured as premiums less claims plus investment income.
Property insurance provides protection for losses to buildings and contents. It may be provided in a package with related types of protection, such as personal liability for homeowners and tenants, business-interruption insurance and temporary accommodation costs. Property insurance includes personal and commercial insurance.
Exclusion(s): Establishments primarily engaged in:
*reinsuring property insurance (524134, Property Reinsurance Carriers). |
| 524125 | Direct Liability Insurance Carriers
This industry comprises establishments in which more than 70 percent of nominal output is derived from underwriting liability insurance directly to policyholders. Nominal output is measured as premiums less claims plus investment income.
Liability insurance provides protection for legal liability to others for injury, death or damage to property which may arise in the course of carrying out occupational or personal activities. Examples of liability insurance are product liability insurance, professional malpractice insurance and directors' liability insurance. |
| 524129 | Other Direct Insurance (except Life, Health and Medical) Carriers
This industry comprises establishments, not classified to any other industry, primarily engaged in underwriting insurance, other than life, health or medical, such as boiler and machinery insurance, surety insurance, fidelity insurance and marine and aircraft insurance, directly to policyholders.
Boiler and machinery insurance provides protection against losses resulting from faulty or malfunctioning machinery, including damage to the insured equipment as well as surrounding buildings and equipment. Surety insurance guarantees that an individual or company will complete work that it has promised to do. Fidelity insurance or fidelity bonds protect organizations against dishonest or fraudulent acts of their employees. Marine and aircraft insurance provides protection for losses to vessels, cargo and liability to passengers.
Establishments primarily engaged in underwriting title insurance, guaranteeing loans and insuring deposits and shares in depository institutions, or providing workers' compensation insurance are included.
Exclusion(s): Establishments primarily engaged in:
*general and other reinsurance (524139, General and Other Reinsurance Carriers). |
