Understanding undisclosed risks is vital to underwriting a commercial property accurately. Often, it’s unknown or incomplete information that proves costly. Past and future site-specific weather events, prior incidents that didn’t result in filed claims, potential risks from neighboring properties — all are risks you need to know about. Verisk’s Peril and Incident Report gives you the complete picture of a property’s risks, allowing you to set premiums more precisely or know which properties not to underwrite.

Verisk’s Peril and Incident Report provides data on unknown risks through verified property data and other sources, giving you information you can’t get anywhere else. You get a historical record for the six most recent years available of reported fire and gas emergency calls — and not just those that resulted in a filed claim. The incidents may suggest the presence of risks and a lack of precautions previously unknown to you that warrant additional examination.

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The report also covers many other risk factors, such as:

  • Businesses with multiple classifications or engaging in multiple activities
  • Risks imposed by adjacent or nearby properties or occupants
  • Prior incidents of weather, fire, or other damage that didn't result in a filed claim
  • Number and location of fire hydrants and their water flow capabilities
  • Distance of the property to bodies of water

Catastrophe and peril incidents

Understanding the effects of weather events and previous damage is vital. That includes wind events, advanced terrain analytics and nonmodeled hail, lightning strikes, and wildfire events. Drawing on data from the BenchmarkTM weather history database and RespondTM real-time natural hazard analytics, the report details trend indications and historical occurrences down to the street level for the last five years. You also get the date of the last event and our Hail Damage ScoreTM, which shows the probability a property suffered damage in a previous hail event.

You can use this data to better understand risks, align them with your underwriting guidelines, and prioritize inspections for those properties with a history of incidents that didn't result in a corresponding claim — all of which gives you a competitive advantage.

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