Powered by LevrNAICS 524291: Claims adjusting
NAICS 524291 is the industry code for claims adjusting. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 524291 covers
Claims adjusting businesses investigate, appraise and settle insurance claims for carriers or policyholders, including independent and public adjusters.
Included in this code
- Independent insurance adjusters
- Public adjusters
- Catastrophe adjusting firms
- Auto damage appraisers
Not this code
- Third party administrators: see 524292 Pharmacy benefit management and other third party administration of insurance and pension funds
- Insurance agencies: see 524210 Insurance agencies and brokerages
- Appraisers of real estate: see 531320 Offices of real estate appraisers
Businesses that use 524291
Financing for this trade
Adjusting firms use lines of credit and receivables financing for carrier invoices. Lenders look at carrier relationships and catastrophe volume swings.
Apply for funding with AIIs 524291 the right code for a claims adjuster?
Yes, if you investigate and settle insurance claims as an adjuster for carriers or policyholders. Third party administrators managing claims for self insured plans use 524292. The closest alternatives are 524292 (pharmacy benefit management and other third party administration of insurance and pension funds) and 524210 (insurance agencies and brokerages). Use whichever matches your largest revenue stream, and keep it consistent across tax filings, SBA forms and lender applications.
What is the SBA size standard for 524291?
The SBA size standard for 524291 is $25M in average annual receipts. SBA averages total gross receipts over the last five completed fiscal years and adds in any affiliates under common control. A claims adjuster at or below that figure counts as small for SBA 7(a) and 504 loans and for federal small business contracts.
What financing helps a claims adjusting firm?
Carriers often pay adjusting fees on 30 to 60 day terms, so receivables lines or factoring help, especially after storms when volume spikes. Lenders look at carrier relationships and licensing. A broker who works with many lenders can line up bank, SBA and alternative offers side by side, which often matters more than chasing the lowest headline price.
What does NAICS 524291 cover?
Claims adjusting. Industry level code in NAICS 2022, under 52 Finance and insurance, 524 Insurance carriers and related activities, 5242 Agencies, brokerages, and other insurance related activities, 52429 Other insurance related activities.
What financing do NAICS 524291 businesses use?
Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for professional services businesses. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 524291?
On the SBA loan application, on federal Schedule C or Form 1120, on SAM.gov and state registrations, and on most lender applications. A business can report more than one code; use this one if it describes what produces most of your revenue.