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.
Correlates with the combustibility of a building; classes range from Class 1 for wood frame structures to Class 6 fire resistive structures.
Helps develop a more accurate replacement cost estimate and informs underwriting guidelines.
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.
Includes commercial territory codes, crime, wind, Building Code Effectiveness Grading Schedule (BCEGS®), and Public Protection Classification (PPC®).
Captured on-site by a field representative of a building’s exterior.
Measures the maximum percentage of estimated building and content value expected to be damaged in a single fire event.
Identifies the primary activities of a building’s occupants by Commercial Statistical Plan (CSP) code and other details.
Informs insurance premiums and coverage since it can be more difficult to fight fires in multistory buildings.
Uses an objective engineering formula to evaluate a building’s construction, occupancy, protection, and exposure risks relative to state and national averages.
Available public records data includes information about tax and market sale, location and site, and specific property characteristics.
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.
The Building Underwriting Report provides granular, on-site verified data on construction, occupancy, and protection to help you underwrite with confidence, including:
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.
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.
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.
Get accurate estimates of a sprinkler system’s ability to contain fire spread for the specific hazards of occupants in the building.Learn more
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