Building Underwriting Report
The most complex risks demand the most detailed data
When you need boots on the ground, Verisk’s experienced field staff go on-site to gather in-depth property information to help you make smarter, more effective underwriting decisions.
What’s included?
![Construction Class Icon]()
ISO Construction Class
Correlates with the combustibility of a building; classes range from Class 1 for wood frame structures to Class 6 fire resistive structures.
![Square Footage Icon]()
Square Footage
Helps develop a more accurate replacement cost estimate and informs underwriting guidelines.
![Year Built]()
Year Built
Assists in determining if a building is likely to meet current building standards and provides clues to the state of major systems, including fire-protection.
![Location Data Icon]()
LOCATION® Data
Includes commercial territory codes, crime, wind, Building Code Effectiveness Grading Schedule (BCEGS®), and Public Protection Classification (PPC®).
![Photos]()
Photos
Captured on-site by a field representative of a building’s exterior.
![Loss Estimates]()
Loss Estimates: Type I & II
Measures the maximum percentage of estimated building and content value expected to be damaged in a single fire event.
![Primary Building Use Icon]()
Primary Building Use
Identifies the primary activities of a building’s occupants by Commercial Statistical Plan (CSP) code and other details.
![Number Of Stories]()
Number of Stories
Informs insurance premiums and coverage since it can be more difficult to fight fires in multistory buildings.
![Relative Hazard Icon]()
Relative Hazard Percentile
Uses an objective engineering formula to evaluate a building’s construction, occupancy, protection, and exposure risks relative to state and national averages.
![Property Characteristics Icon]()
Business and Public Record Detail
Available public records data includes information about tax and market sale, location and site, and specific property characteristics.
![Sprinkler Score]()
Sprinkler Score
Indicates whether a property with an automatic sprinkler system is eligible to receive an insurance rating credit based on a scale from zero to 100.
Providing actionable data for effective underwriting. See for yourself.
Data that drives results
Data that drives results
The Building Underwriting Report provides granular, on-site verified data on construction, occupancy, and protection to help you underwrite with confidence, including:
- Breakdown of materials for flooring, walls, and roof
- Details on every building occupant, including square footage for each, and hazards associated with their business activities
- Automatic sprinkler effectiveness inspection, including whether the system is current on testing and maintenance and eligible for ISO sprinkler credit
More insight into the data driving your underwriting decisions
More insight into the data driving your underwriting decisions
Verisk is providing additional detail on when and how we verify and update data in our ProMetrix commercial property reports.
Hear Chris Palermo, senior product manager of commercial underwriting, share the benefits of pairing high-tech underwriting tools with on-site expertise to refresh data more often.
Additional reports
Property Details Report
Provides information gathered and verified by a field representative from an exterior survey of a building performed either on-site or virtually using high-resolution imagery and proprietary data. Includes LOCATION data, Relative Hazard Percentile, business information, and property characteristics.
Building Fundamentals
Provides five core property attributes—ISO Construction Class, year built, number of stories, square footage, and primary building use—gathered and verified using advanced analytical models. Includes LOCATION data, business information, and property characteristics.
Sprinkler Assessment Report
Get accurate estimates of a sprinkler system’s ability to contain fire spread for the specific hazards of occupants in the building.
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