Industry Code: 62304
This industry describes comprehensive and detailed engineering/design, manufacturing, installation, and follow-up technical support of compressors and power units found in the oil and gas sector. Compressors and power units are located in processing plants, power plants, chemical plants, gas and oil wellsites, compressor stations, mines, sawmills, and pulpmills.
Operation Details:
These process packages/units are typically comprised of a "driver" or engine (usually diesel and high horsepower), compressors, fans, piping, vessels, and instrumentation and gauges, and may be skid or platform mounted. The engineering/design component in this industry is exclusive to the product sold. There is a need to provide strong technical support when repairing or servicing the power or compressor package. Field service is common to this industry because of the size and permanence in location of these systems. The sale of parts and complimentary accessories is extensive and integral to businesses in the industry.
Businesses may utilize a shop, in-house cranes, welders, machining, equipment, handtools, measuring/testing/instrumentation equipment, trucks, and may employ engineers/designers, welders, heavy-duty mechanics, instrumentation mechanics, labourers, sales/estimators, parts staff and office/administrative staff.
Underwriting Considerations:
Engineering design includes the preparation of blueprints and is part of this industry when conducted in conjunction with design and manufacturing operations. It is common for the businesses in this industry to outsource to other companies to install insulation, do painting and transport the product to the customer's plant site. Businesses in this industry may outsource any or all manufacturing and/or assembly activity as well.
Welding in this industry is a secondary or supportive activity to the primary activities of assembly, instrumentation, pipefitting, etc. An exclusive welding service is classified in industry 89401.
Employers that only provide heavy-duty mechanical servicing or repairs to the diesel engines or drivers are classified in industry 62201. Businesses that sell, rent and service skid or trailer-mounted diesel power and generator sets are classified in industry 62201.
Businesses which specialize in laser alignment services are classified in industry 42109.
Premium Rate History:
Activities:
Compressors, Industrial - Mfg, Service or Repair
Governors - Service and Installation
Ignition Systems and Harnesses - Sale/Service/Install
Ignition Systems, Magneto - Sale/Service/Install
Magneto Ignition Systems and Governors, Sale and Svc
Rate Group History:
This rate group was established in 1995.
This industry describes comprehensive and detailed engineering/design, manufacturing, installation, and follow-up technical support of compressors and power units found in the oil and gas sector. Compressors and power units are located in processing plants, power plants, chemical plants, gas and oil wellsites, compressor stations, mines, sawmills, and pulpmills.
Premium Rate History:
Activities:
Compressors, Industrial - Mfg, Service or Repair
Governors - Service and Installation
Ignition Systems and Harnesses - Sale/Service/Install
Ignition Systems, Magneto - Sale/Service/Install
Magneto Ignition Systems and Governors, Sale and Svc
Operation Details:
These process packages/units are typically comprised of a "driver" or engine (usually diesel and high horsepower), compressors, fans, piping, vessels, and instrumentation and gauges, and may be skid or platform mounted. The engineering/design component in this industry is exclusive to the product sold. There is a need to provide strong technical support when repairing or servicing the power or compressor package. Field service is common to this industry because of the size and permanence in location of these systems. The sale of parts and complimentary accessories is extensive and integral to businesses in the industry.
Businesses may utilize a shop, in-house cranes, welders, machining, equipment, handtools, measuring/testing/instrumentation equipment, trucks, and may employ engineers/designers, welders, heavy-duty mechanics, instrumentation mechanics, labourers, sales/estimators, parts staff and office/administrative staff.
Underwriting Considerations:
Engineering design includes the preparation of blueprints and is part of this industry when conducted in conjunction with design and manufacturing operations. It is common for the businesses in this industry to outsource to other companies to install insulation, do painting and transport the product to the customer's plant site. Businesses in this industry may outsource any or all manufacturing and/or assembly activity as well.
Welding in this industry is a secondary or supportive activity to the primary activities of assembly, instrumentation, pipefitting, etc. An exclusive welding service is classified in industry 89401.
Employers that only provide heavy-duty mechanical servicing or repairs to the diesel engines or drivers are classified in industry 62201. Businesses that sell, rent and service skid or trailer-mounted diesel power and generator sets are classified in industry 62201.
Businesses which specialize in laser alignment services are classified in industry 42109.
Rate Group History:
This rate group was established in 1995.