Many businesses, regardless of their industry, rely on companies within the administrative, support, waste management and remediation sector for important support services. These services can range from making executive travel arrangements, to scheduling trade shows to cleaning the offices after-hours. If you own a business within this very broad and wide-reaching industry, it is important that you protect your investment with a suitable business insurance policy that is built specifically for companies within this industry sector.
All businesses in the United States are classified into industry sectors by the National American Industry Classification System, or NAICS. This classification system enables economists to collect, analyze and report on financial data on a variety of U.S. industries. Currently, the NAICS lists 2,420,355 U.S. businesses as falling into a sector labeled “Administrative and Support and Waste Management and Remediation Services.” This sector includes more U.S. firms than another other.
As the name implies, this industry encompasses a rather broad range of business types. What they have in common is that they are all responsible for support activities for the day-to-day operations of other organizations, and they typically offer their services on a contract or fee basis. These businesses include:
When you run a business that provides support and services to other businesses, you run some unique industry-specific risks. It is therefore important that the business insurance plan you have set up includes coverage against all possible hazards so that your company does not suffer unsurmountable financial losses.
Business insurance policies for the administrative, support, waste management and remediation trade sector are designed to meet your industry’s specific coverage needs. Some coverage options you may want to give consideration to include:
There are many more coverage options available to you, but not all are ideal for every type of company. Before you purchase a business insurance policy, you should discuss your coverage options with a qualified insurance professional.
If you own a business that falls within the administrative, support, waste management and remediation industry sector, it is especially important that you protect it with a well-designed business insurance policy. You can ensure that the policy you are purchasing is comprehensive and competitively-priced when you allow an independent agent in the Trusted Choice® network to help you build it.
These agents can work with a number of different insurance providers to help you find coverage that is ideal for your business. They can also help you assess the potential risks your company faces and provide you with advice about your many coverage options. Learn more about insurance for the administrative, support, waste management and remediation industry by contacting a Trusted Choice agent near you.