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Classification sub-group 503-02 - Parking lots and airports

Industry sector 5 – Transportation, communications and storage

Rate risk category 60%
IncludedSimilar but classified elsewhere
  • Operation of a parking lot or parkade. Includes incidental car washing or valet services.
  • A parking lot or parkade operated in conjunction with a retail store or mall is considered incidental to the main operation and is classified accordingly.
  • A parking lot or parkade operated in conjunction with a hotel is considered incidental to the main operation and is found under 701-03 – Hotels and motels.
  • Operation of an airport – includes incidental maintenance of the building, and runways, security services, cargo handling, etc.