Industry Code: 62303
This industry includes businesses which sell equipment, tools, materials, supplies or other consumables to industrial/commercial users, oilfield companies/ contractors, or trade contractors for use in their businesses. The emphasis is on the sale of the product to the end user and may include after sales warranty servicing of the products sold.
These stores may sell a specialized line of products such as welding supply outlets which specialize in the sale of welding equipment, welding safety gear, and gases, or they may have a broad product line which spans several industrial or commercial markets.
Operation Details:
Industrial Supply Stores will generally engage in selling products on a wholesale basis to industry. These businesses may also operate warehouse facilities which are combined with a storefront for walk in trade contractors. This industry will allow minor assembly and modification of the products sold provided this is primarily with the use of hand tools and does not include ongoing welding or machining processes.
Companies specializing in oilfield supply may sell equipment such as separators, treater plants, pumpjacks, downhole tools, downhole pipe and production tubing. This industry does not include the installation of these products. There may be some after sale servicing of small engines, etc.
Hose assembly and repair includes supplying oilfield and industrial markets with hose. The attachment of connectors is an integral part of the service offered, including replacement of worn out or damaged sections of hose or connectors.
A number of oilfield supply stores specialize in the sale of valves and valve components. Painting, repacking, or greasing and testing of the product, with warranty servicing, are activities associated with this industry. Valve servicing may be done in a service shop or at the well-site and includes the sale of used valves.
Employers in this industry also sell drilling mud chemicals and compounds to the oil companies, provided there is no blending or packaging prior to sale. They will design the mud program and provide related technical field services. The related services involve mud technicians traveling to the drill sites to test and analyze the drilling mud to ensure a proper mix of liquids and additives.
Welding supply stores specialize in the sale of welding related products including welding equipment, rods, flux, and gases. These businesses may also refill cylinders with welding gases such as acetylene, but do not provide any welding services.
Underwriting Considerations:
This classification is principally for the sale of products to companies who will use the product in their business. After sales servicing is allowed providing these services do not involve any manufacturing or site installation.
Companies which sell product principally for resale, with no after sales servicing, are classified in wholesaling with warehousing (industry 62900). Companies which sell primarily over the counter (retail), to walk in trade, where there is no servicing, are classified in the appropriate retail sales classification.
Businesses which manufacture industrial gases, industry 37801, and operate welding supply outlets and/or respiratory therapy centres, will require an additional classification(s) for the welding supply shop and/or respiratory therapy outlets. Businesses which sell, service and/or install medical equipment, including respiratory therapy services are classified under industry 33901.
Companies which rent oilfield equipment are classified in industry 89910 and are generally typified by extensive repair services associated with the rental business.
Industry Custom Pricing: Waiving Cost Relief Option
This industry has chosen to participate in Industry Custom Pricing effective January 1, 2012. Costs related to the aggravation of a pre-existing condition will not be removed from the experience record of employers classified in this industry. In return, the portion of premiums collected to fund retroactive cost relief has been removed from the industry rate, resulting in a reduction in WCB premium rates for the industry.
Premium Rate History:
Activities:
Drilling Mud - Sales/Service
Hose - assemble/sell/repair
Industrial and Oilfield Supply Store, Incl. Servicing
Welding Supply Shops (excluding welding services)
Oilfield and Industrial Supply Stores Incl. Servicing
Pumps, Oilfield - Sale and Servicing
Rate Group History:
Industry 37902 was added to this rate group for 1996 recognizing that companies with chemical blending often have extensive sale of complimentary products to commercial/industrial users.
This industry includes businesses which sell equipment, tools, materials, supplies or other consumables to industrial/commercial users, oilfield companies/ contractors, or trade contractors for use in their businesses. The emphasis is on the sale of the product to the end user and may include after sales warranty servicing of the products sold.
These stores may sell a specialized line of products such as welding supply outlets which specialize in the sale of welding equipment, welding safety gear, and gases, or they may have a broad product line which spans several industrial or commercial markets.
Premium Rate History:
Activities:
Drilling Mud - Sales/Service
Hose - assemble/sell/repair
Industrial and Oilfield Supply Store, Incl. Servicing
Welding Supply Shops (excluding welding services)
Oilfield and Industrial Supply Stores Incl. Servicing
Pumps, Oilfield - Sale and Servicing
Operation Details:
Industrial Supply Stores will generally engage in selling products on a wholesale basis to industry. These businesses may also operate warehouse facilities which are combined with a storefront for walk in trade contractors. This industry will allow minor assembly and modification of the products sold provided this is primarily with the use of hand tools and does not include ongoing welding or machining processes.
Companies specializing in oilfield supply may sell equipment such as separators, treater plants, pumpjacks, downhole tools, downhole pipe and production tubing. This industry does not include the installation of these products. There may be some after sale servicing of small engines, etc.
Hose assembly and repair includes supplying oilfield and industrial markets with hose. The attachment of connectors is an integral part of the service offered, including replacement of worn out or damaged sections of hose or connectors.
A number of oilfield supply stores specialize in the sale of valves and valve components. Painting, repacking, or greasing and testing of the product, with warranty servicing, are activities associated with this industry. Valve servicing may be done in a service shop or at the well-site and includes the sale of used valves.
Employers in this industry also sell drilling mud chemicals and compounds to the oil companies, provided there is no blending or packaging prior to sale. They will design the mud program and provide related technical field services. The related services involve mud technicians traveling to the drill sites to test and analyze the drilling mud to ensure a proper mix of liquids and additives.
Welding supply stores specialize in the sale of welding related products including welding equipment, rods, flux, and gases. These businesses may also refill cylinders with welding gases such as acetylene, but do not provide any welding services.
Underwriting Considerations:
This classification is principally for the sale of products to companies who will use the product in their business. After sales servicing is allowed providing these services do not involve any manufacturing or site installation.
Companies which sell product principally for resale, with no after sales servicing, are classified in wholesaling with warehousing (industry 62900). Companies which sell primarily over the counter (retail), to walk in trade, where there is no servicing, are classified in the appropriate retail sales classification.
Businesses which manufacture industrial gases, industry 37801, and operate welding supply outlets and/or respiratory therapy centres, will require an additional classification(s) for the welding supply shop and/or respiratory therapy outlets. Businesses which sell, service and/or install medical equipment, including respiratory therapy services are classified under industry 33901.
Companies which rent oilfield equipment are classified in industry 89910 and are generally typified by extensive repair services associated with the rental business.
Industry Custom Pricing: Waiving Cost Relief Option
This industry has chosen to participate in Industry Custom Pricing effective January 1, 2012. Costs related to the aggravation of a pre-existing condition will not be removed from the experience record of employers classified in this industry. In return, the portion of premiums collected to fund retroactive cost relief has been removed from the industry rate, resulting in a reduction in WCB premium rates for the industry.
Rate Group History:
Industry 37902 was added to this rate group for 1996 recognizing that companies with chemical blending often have extensive sale of complimentary products to commercial/industrial users.