Fire Protection Risk Assessment
LOCATION PPC and LOCATION PPS
Measure fire protection more accurately for the risks you insure
Properties can be misclassified for many reasons, and the correct classification may change from one policy term to the next. Every week, fire stations open or close; automatic-aid agreements are signed or dissolved.
Drawing on a strong foundation of fire protection measurement
Verisk constantly innovates to better assess fire protection and help insurers rate and underwrite more accurately. At the core of our solutions is the industry-standard Fire Suppression Rating Schedule (FSRS), a manual of criteria to review community-level fire prevention and suppression capabilities. But there’s much more to Verisk’s evaluation:
Emergency communications
Call handling and fire dispatch capabilities, protocols, and performance
Fire department
Department type—volunteer or paid—plus geographic coverage, distance to responding fire stations, and automatic aid
Water supply
Location and quality of water supplies, including more than 9 million hydrants
Community risk reduction
Thorough grading of community fire mitigation efforts
LOCATION® Public Protection Classification® (PPC) – the gold standard in community-based fire protection scoring
LOCATION® Public Protection Classification® (PPC) – the gold standard in community-based fire protection scoring
Understanding details such as the types and capabilities of local fire departments, the nature and accessibility of water supplies, and the distance from a property to the nearest responding fire station can help insurers select and price risk more accurately.
Fully capture the nuances of fire protection
LOCATION PPC measures 1,000+ unique data elements, supporting detailed analysis of fire-suppression capabilities. Explore the solution and key factors examined.
LOCATION Property Protection Score (PPS) – going further with individual property risk scoring (Coming soon)
LOCATION Property Protection Score (PPS) – going further with individual property risk scoring (Coming soon)
A new level of granularity predictive lets you drill deeper into fire protection and safety at the address level, with measurable advantages for growing your book and improving expected loss experience.
Helps you grow your book of business
Identifies risks with lower frequency and severity
Supports a portfolio with lower expected losses
Predicts loss experience more reliably
Complementary solutions
- The Distance Fallacy in Fire Protection
- How Fire Station Type Factors into Evaluating Community Fire Protection
- Ibid.