Services Industry
Some things in life just can’t be categorized. Enterprises that provide important services to businesses and individuals but do not quite fit into the classes already created by the NAICS are encompassed in the services industry. Professionals in this industry provide services ranging from automotive body repairs to massage therapy, and everything in between.
The operations of the enterprises in this industry cannot be limited to a single category, so it is no surprise that the same applies for the types of insurance needed. From professional liability to commercial property, various coverage options are available to service industry professionals. We at Diversified Risk Solutions are here to help every business find a policy that is the right fit for them and their business needs.
Facts about the Industry:
In the beginning of 2017, the industry employed 5,713,000 individuals (Bureau of Labor Statistics)
The most common jobs in the industry include hairdressers, hairstylists, cosmetologists, automotive service technicians and mechanics, and clergy (Census Bureau)
The estimated 10-year output growth is 2.2% (Bureau of Labor Statistics)
The industry includes categories like: Repair and maintenance, Personal and laundry services, Religious, grant making, civic, professional, and similar organizations, Private households
