What Types of Commercial Properties Have To Be Specifically Rated by ISO? Class Loss Costs Eligible?
Question: “What types of commercial properties have to be specifically rated by the Insurance Services Office (ISO), and which are eligible for the class loss costs found in the manual?”
Answer: The answer is in Rule 85 in the ISO Commercial Property Manual. Under that rule, the following types of properties must be specifically rated:
- All hotels greater than 25,000 square feet.
- Hotels between 5,000 and 25,000 square feet if the construction is masonry noncombustible, modified fire-resistive, or fire-resistive.
- All mercantile, non-manufacturing, and warehouse occupancies greater than 25,000 square feet.
- Mercantile, non-manufacturing and warehouse occupancies between 5,000 and 25,000 square feet if the construction is masonry noncombustible, modified fire-resistive, or fire-resistive.
- All manufacturers in six class codes greater than 25,000 square feet.
- Manufacturers in six class codes between 5,000 and 25,000 square feet if the construction is masonry noncombustible, modified fire-resistive, or fire-resistive.
- Properties protected by automatic sprinklers, automatic fire detection systems, or watchman service.
- Auto body or collision shops with spray painting or other occupancies where the principal operation is spray painting.
- Restaurants other than “limited cooking restaurants” and other occupancies with commercial cooking open to the general public (“limited cooking restaurants” is defined further down in the attachment – basically places using microwaves, toasters, small kitchen grills, stuff like that).
- Agriculture product storage and processing.
- Manufacturers where the above-mentioned six class codes do not apply.
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