Industry Code: 86902
This industry includes businesses that provide a consulting service, using their expertise to assist clients in analyzing their business needs and providing recommendations in order to increase efficiency, productivity and profitability.
Operation Details:
These employers provide independent reviews of a customer's business systems, processes, technologies, etc. using expertise in areas such as market positioning, operational improvement, cost management, performance measurement and technology planning.
More specifically, the consultants provide advice on their clients' operations by analyzing processes, projects, computer systems, pricing or products. Advice may be provided on strategic issues such as long-term planning, growth opportunities, pricing strategies, or product enhancements. In addition, advice may be provided on operational issues such as writing procedure manuals, staff development (e.g., communication or leadership skills), business solutions and alternatives to increasing productivity or efficiency, or to enhance computer systems.
In addition, consultants may provide advice to small business operators when they are starting and setting up a business plan.
Underwriting Considerations:
These employers are generally engaged to provide analysis and recommendations only. The services may include project management related to overseeing implementation of the consultants own recommendations. However, consultants do not become directly involved in the day-to-day business of their client. Management consulting services do not include the design or sale of any products, systems or systems hardware. Consulting related to the design, sale or manufacturing of products or systems would be classified in the industry which best covers the overall business being conducted.
Any training, instruction or provision of seminars relating to personal/ professional development in conjunction with management consulting services should be classified in Industry 80301, Business Schools
Businesses providing a consulting service in the agriculture, environmental area are classified in industry 86414, Agricultural, Environmental, Forestry, Horticultural & Wildlife Consulting and Research Services. Businesses providing consulting advice in the area of health and safety are classified in industry 86927, Safety and First Aid Training.
Businesses providing a managing service to a specific company are classified in the industry of the company which they are managing. Business services such as accounting are classified in industry 86901, Business Services.
Premium Rate History:
Activities:
Consulting, Management
Management Consultants
Network Planning, Consulting Only
Rate Group History:
The industries in this rate group were reviewed in detail in 1994 with changes implemented in 1995. The effect of the project was to consolidate various professional, financial and business services.
This industry includes businesses that provide a consulting service, using their expertise to assist clients in analyzing their business needs and providing recommendations in order to increase efficiency, productivity and profitability.
Premium Rate History:
Activities:
Consulting, Management
Management Consultants
Network Planning, Consulting Only
Operation Details:
These employers provide independent reviews of a customer's business systems, processes, technologies, etc. using expertise in areas such as market positioning, operational improvement, cost management, performance measurement and technology planning.
More specifically, the consultants provide advice on their clients' operations by analyzing processes, projects, computer systems, pricing or products. Advice may be provided on strategic issues such as long-term planning, growth opportunities, pricing strategies, or product enhancements. In addition, advice may be provided on operational issues such as writing procedure manuals, staff development (e.g., communication or leadership skills), business solutions and alternatives to increasing productivity or efficiency, or to enhance computer systems.
In addition, consultants may provide advice to small business operators when they are starting and setting up a business plan.
Underwriting Considerations:
These employers are generally engaged to provide analysis and recommendations only. The services may include project management related to overseeing implementation of the consultants own recommendations. However, consultants do not become directly involved in the day-to-day business of their client. Management consulting services do not include the design or sale of any products, systems or systems hardware. Consulting related to the design, sale or manufacturing of products or systems would be classified in the industry which best covers the overall business being conducted.
Any training, instruction or provision of seminars relating to personal/ professional development in conjunction with management consulting services should be classified in Industry 80301, Business Schools
Businesses providing a consulting service in the agriculture, environmental area are classified in industry 86414, Agricultural, Environmental, Forestry, Horticultural & Wildlife Consulting and Research Services. Businesses providing consulting advice in the area of health and safety are classified in industry 86927, Safety and First Aid Training.
Businesses providing a managing service to a specific company are classified in the industry of the company which they are managing. Business services such as accounting are classified in industry 86901, Business Services.
Rate Group History:
The industries in this rate group were reviewed in detail in 1994 with changes implemented in 1995. The effect of the project was to consolidate various professional, financial and business services.