Powered by LevrNAICS 524298: All other insurance related activities
NAICS 524298 is the industry code for all other insurance related activities. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 524298 covers
All other insurance related activities include insurance advisory services, premium auditing, actuarial services and policy processing for others.
Included in this code
- Insurance actuarial services
- Premium auditing
- Insurance advisory services
- Policy processing services
- Warranty administrators
Not this code
- Agencies: see 524210 Insurance agencies and brokerages
- Claims adjusting: see 524291 Claims adjusting
- Third party administrators: see 524292 Pharmacy benefit management and other third party administration of insurance and pension funds
Businesses that use 524298
Financing for this trade
Insurance service firms use SBA 7(a) loans for acquisitions and working capital, and receivables lines for carrier clients paying on terms. Lenders look at carrier contracts, renewals and client concentration.
Apply for funding with AIIs 524298 the right code for an insurance services company?
Yes, if you provide insurance related services such as premium audits, actuarial work or policy processing that do not fit agency, adjusting or TPA codes. If your work overlaps, also read the definitions for 524210 (insurance agencies and brokerages) and 524291 (claims adjusting), then choose the code that matches your largest source of revenue.
What is the SBA size standard for 524298?
The SBA size standard for 524298 is $31M in average annual receipts. SBA averages total gross receipts over the last five completed fiscal years and adds in any affiliates under common control. An insurance services company at or below that figure counts as small for SBA 7(a) and 504 loans and for federal small business contracts.
What financing helps an insurance services firm?
SBA 7(a) loans fund acquisitions and working capital, and receivables lines cover carrier clients paying on terms. Lenders review contract length and client concentration. Expect lenders to ask for receivables and payables agings, recent bank statements and a debt schedule, which also help a broker match the request to the right lender quickly.
What does NAICS 524298 cover?
All other insurance related activities. 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 524298 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 524298?
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.