Commercial Property Insurance Solutions
Do you have the full picture for commercial property?
Assess underlying risks and hidden exposures with actionable and reliable data and analytics for every address you underwrite. Get the full spectrum of information required to price commercial property policies with speed and accuracy.
Innovative products and tools that span the commercial property policy life cycle
Research, Develop, & Expand
Expand your business with confidence and build for the future with a strong foundation.
Implement, Issue, & Renew
Reduce friction during critical points in the policy life cycle.
Underwriting, Risk Selection, & Rating
Use robust property and business data for more accurate risk selection and pricing.
Portfolio Assessment & Compliance
Unleash the power of your property and business data while staying compliant.
More data, more accurate, more often
More data, more accurate, more often
- Expanding commercial property database collected by experienced field service reps using both onsite and virtual surveys
- Advanced computer modeling delivers property-specific details for commercial properties in the United States
- 100% fill rate on 5 key core underwriting attributes (ISO construction class, year built, number of stories, square footage, and primary building use)
- Reliable, component-based replacement cost estimates based on actual claims data
Insights and thought leadership delivered to your inbox
Looking for actionable takeaways on trends influencing commercial property insurance? Check out Inside the Data-Verisk Commercial Property for analysis and news developed especially for underwriters and loss control engineers.
Developing a path to digital transformation
Developing a path to digital transformation
Automating the underwriting of commercial insurance is complicated. Businesses pivot, regulations evolve, and data quality fluctuates.
There are insurers, though, that have found a path forward. They’ve developed an in-depth understanding of their existing processes, have identified and prioritized their plans, and have leveraged insurance expertise and insurance-ready data to create a sustainable pipeline of innovation.
Stay competitive. Automate underwriting. Accelerate decision-making.
Stay competitive. Automate underwriting. Accelerate decision-making.
Data and advanced analytics can drive everything from decisions on new markets and segmentation to standing up new lines of business in months vs years. Increase speed to market and boost profitability by embracing the new era of digital transformation for commercial lines insurance.
We're all ready to innovate. Let Verisk help with your digital transformation.
Educational COPE resources to understand commercial property conditions and rate a risk more accurately
Educational COPE resources to understand commercial property conditions and rate a risk more accurately
- Learn more to determine the risk of fire by properly identifying the proper construction class.
- Gain a better understanding of hazards and guidelines to reduce and/or eliminate hazards and improve protection deficiencies at a property.
- Learn how to gauge if sprinkler systems will work for a property in case of a fire, an effective way to control and limit the spread of fire.
Additional insights
As increases slow, reconstruction costs show signs of stabilizing
Total reconstruction costs, including materials and labor, increased 6.8% from January 2022 to January 2023, a drop from the last quarter.
Read the article
Clear away obstacles to fast, profitable small commercial underwriting
Prefill application details, amplified with analytics, can fuel small commercial underwriting automation by tapping unstructured data
Read the article
Keeping pulse: Tracking the latest price surges to maintain ITV
Verisk data shows the cost to rebuild a property is still more than 11 percent higher, on average, than it was pre-pandemic.
Read the article