Industry Code: 62201
Businesses in this industry sell, rent and/or service mobile equipment used in road construction, forestry, mining, oilfield, material handling and other industrial sectors, and includes service work by heavy-duty mechanics on engines/drivers in equipment such as compressors and power units.
Operation Details:
Typically, businesses are equipment "dealerships" which may sell new and/or used equipment. Dealers must supply warranty or after sales service and offer repairs as part of their franchise agreement. The sale of parts and complementary accessories is extensive and integral to the industry.
The equipment may include crawler tractors, cranes, truck-mounted drilling/boring units, backhoes, ditching equipment, loaders, forklifts, earth moving equipment, forestry equipment, industrial transport trailers, tracked vehicles for off-highway use, as well as snow grooming machines and equipment. Such equipment is generally, but not restricted to, the use of diesel powered engines.
Businesses which specialize in the sale and/or service of diesel engines only, (including skid mounted) either for industrial or transportation requirements, are included in this industry. Businesses specializing in mobile heavy duty mechanics to perform maintenance and mechanical repairs on skid mounted compressors, engine/driver repairs, power units, etc., are also classified in this industry.
This industry also includes businesses that are not dealerships but specialize predominantly in heavy-duty mechanical repairs, servicing and parts sales related to such equipment as buses, trucks, mobile equipment, industrial trucks, trailers, etc. This means employers that are not dealers or involved with equipment sales, but only specialize in heavy-duty mechanical repair and service operations in the field and in the shop, are classified in this industry.
Businesses may utilize service bays/equipment/tools, service trucks/tools, parts warehouse/department, yard, and may employ heavy-duty mechanics, technical staff, warehouse/parts staff, marketing, office/administrative staff.
Underwriting Considerations:
Businesses engaged in the sale of new and used equipment will generally operate their own shop facility for service and repair of equipment; however, they may subcontract out this part of the business. Whether servicing is contracted out, or not even provided, business engaged in the sale or rental of the equipment listed are classified in this industry.
This industry also includes auction services which are primarily engaged in the auctioning of mobile equipment. These business may have their own auction facility which may include a repair shop and yard. Services can include cleaning, repair or painting of equipment to be auctioned. Auction services may also be conducted on site of the owner, consignor, etc. Businesses engaged in the auctioning of motor vehicles would be classified in industry 65600.
Businesses that specialize in structural repair work on trailers, may be better described under Steel Fabrication, industry 30100. Employers who sell new and/or used trucks and provide servicing are classified as Auto Dealers in industry 65600. Employers that sell farm implements are classified in industry 62200.
Industry Custom Pricing: Modified Experience Rating
This industry has chosen to participate in Industry Custom Pricing effective January 1, 2015. For employers participating in the Experience Rating Plan for Large Employers, the following experience rating features will be used in determining their premium rate:
- Maximum discount or surcharge of 60%
- Participation rate of 1% for every $2000 in premiums
- Maximum participation of 100%
- Maximum experience used of 100%
Premium Rate History:
Activities:
Cranes - Mobile Rental without Operator
Diesel Engine - Sale and Service
Diesel Engine Brakes - Installation
Fork Lifts - Sale, Service or Repair
Heavy Duty Mechanics
Heavy Mobile Equipment - Rent/Lease/Service
Mechanic, Heavy Duty
Mobile Equipment - Sale, Rental and Service
Trailers, Industrial - Sale and Service
Rental of Mobile and Industrial Equipment
Rate Group History:
There has been no rate group restructuring since before 1990 when major project work began.
Businesses in this industry sell, rent and/or service mobile equipment used in road construction, forestry, mining, oilfield, material handling and other industrial sectors, and includes service work by heavy-duty mechanics on engines/drivers in equipment such as compressors and power units.
Premium Rate History:
Activities:
Cranes - Mobile Rental without Operator
Diesel Engine - Sale and Service
Diesel Engine Brakes - Installation
Fork Lifts - Sale, Service or Repair
Heavy Duty Mechanics
Heavy Mobile Equipment - Rent/Lease/Service
Mechanic, Heavy Duty
Mobile Equipment - Sale, Rental and Service
Trailers, Industrial - Sale and Service
Rental of Mobile and Industrial Equipment
Operation Details:
Typically, businesses are equipment "dealerships" which may sell new and/or used equipment. Dealers must supply warranty or after sales service and offer repairs as part of their franchise agreement. The sale of parts and complementary accessories is extensive and integral to the industry.
The equipment may include crawler tractors, cranes, truck-mounted drilling/boring units, backhoes, ditching equipment, loaders, forklifts, earth moving equipment, forestry equipment, industrial transport trailers, tracked vehicles for off-highway use, as well as snow grooming machines and equipment. Such equipment is generally, but not restricted to, the use of diesel powered engines.
Businesses which specialize in the sale and/or service of diesel engines only, (including skid mounted) either for industrial or transportation requirements, are included in this industry. Businesses specializing in mobile heavy duty mechanics to perform maintenance and mechanical repairs on skid mounted compressors, engine/driver repairs, power units, etc., are also classified in this industry.
This industry also includes businesses that are not dealerships but specialize predominantly in heavy-duty mechanical repairs, servicing and parts sales related to such equipment as buses, trucks, mobile equipment, industrial trucks, trailers, etc. This means employers that are not dealers or involved with equipment sales, but only specialize in heavy-duty mechanical repair and service operations in the field and in the shop, are classified in this industry.
Businesses may utilize service bays/equipment/tools, service trucks/tools, parts warehouse/department, yard, and may employ heavy-duty mechanics, technical staff, warehouse/parts staff, marketing, office/administrative staff.
Underwriting Considerations:
Businesses engaged in the sale of new and used equipment will generally operate their own shop facility for service and repair of equipment; however, they may subcontract out this part of the business. Whether servicing is contracted out, or not even provided, business engaged in the sale or rental of the equipment listed are classified in this industry.
This industry also includes auction services which are primarily engaged in the auctioning of mobile equipment. These business may have their own auction facility which may include a repair shop and yard. Services can include cleaning, repair or painting of equipment to be auctioned. Auction services may also be conducted on site of the owner, consignor, etc. Businesses engaged in the auctioning of motor vehicles would be classified in industry 65600.
Businesses that specialize in structural repair work on trailers, may be better described under Steel Fabrication, industry 30100. Employers who sell new and/or used trucks and provide servicing are classified as Auto Dealers in industry 65600. Employers that sell farm implements are classified in industry 62200.
Industry Custom Pricing: Modified Experience Rating
This industry has chosen to participate in Industry Custom Pricing effective January 1, 2015. For employers participating in the Experience Rating Plan for Large Employers, the following experience rating features will be used in determining their premium rate:
- Maximum discount or surcharge of 60%
- Participation rate of 1% for every $2000 in premiums
- Maximum participation of 100%
- Maximum experience used of 100%
Rate Group History:
There has been no rate group restructuring since before 1990 when major project work began.