Industry Code: 16902
Belting material is sold, installed and serviced most often in the resource and mining industries and large manufacturing operations. Belting is most often used for power transmission belts or conveyor belts.
Operation Details:
Most equipment is portable so belts can be serviced in the field as well as in a shop. Belting, of various size and thickness, is purchased and cut to length, the ends are roughed with an abrasive roller, then bonded together using electrically heated plates.
Businesses may typically operate a warehouse for storage and service, equipped with forklift, splicers, handtools, bonding equipment/materials, and trucks. Workers include technical staff, laborers, sales/estimators, warehouse workers, and office/administrative staff.
Underwriting Considerations:
Manufacturing complete conveyor systems, from the stands and rollers, chains and guards, and installing the belting, is classified in Steel Fabrication (industry 30100).
Premium Rate History:
Activities:
Belting, Commercial - Sale, Installation, Splicing
Rate Group History:
For 1995, industry 16902 was placed into rate group 579900.
Belting material is sold, installed and serviced most often in the resource and mining industries and large manufacturing operations. Belting is most often used for power transmission belts or conveyor belts.
Premium Rate History:
Activities:
Belting, Commercial - Sale, Installation, Splicing
Operation Details:
Most equipment is portable so belts can be serviced in the field as well as in a shop. Belting, of various size and thickness, is purchased and cut to length, the ends are roughed with an abrasive roller, then bonded together using electrically heated plates.
Businesses may typically operate a warehouse for storage and service, equipped with forklift, splicers, handtools, bonding equipment/materials, and trucks. Workers include technical staff, laborers, sales/estimators, warehouse workers, and office/administrative staff.
Underwriting Considerations:
Manufacturing complete conveyor systems, from the stands and rollers, chains and guards, and installing the belting, is classified in Steel Fabrication (industry 30100).
Rate Group History:
For 1995, industry 16902 was placed into rate group 579900.