This is a standard value collection model that all companies can use to collect insurance values internally and communicate insured values to their insurance company, either by using 21RISK API, 21RISK Power BI template App or exporting to excel etc. PD/BI Property Insurance — first-party insurance that indemnifies the owner or user of property for its loss, or the loss of its income-producing ability, when the loss or damage is caused by a covered peril, such as fire or explosion. Altered models can be produced to your specific needs - just reach out to us - https://21risk.com/contact/sales
| Preview location | |
|---|---|
| Status | Active |
| Address | 123 Main St |
| Country | US (US) |
| Timezone | America/New_York |
| Tags | No tags specified. |
| Created | Jul 18, 2025 |
Site info is from Jul 18, 2025.
Please indicate, in local currency, the value insured for buildings in numbers and select your currency with the selector below.
The value must represent the total rebuilding cost of the property and not the market value.
The value should include:
Cost of materials
Labour costs
Professional fees, such as surveyors and architects
Site clearance/ removal of debris costs
Buildings sums insured should also include, but not be limited to, the following if the insured has responsibility for them:
tenants’ improvements
landlord’s fixtures and fittings
walls, gates and fences
fixed glass and sanitary ware
small outside buildings, annexes, gangways, conveniences and other small structures
extensions communicating with the buildings
roads, car parks, yards, paved areas, pavements and footpaths
security cameras and lights
fixed fuel oil tanks and fixed diesel tanks, piping, ducting, cables
wires and associated control gears and accessories and extending to the public mains.
No previous value to compare with.
Please indicate, in local currency, the value insured for Machinery & equipment in numbers and select your currency with the selector below.
The contents sum insured (excluding stock) should reflect the total replacement value of:
machinery, plant and equipment;
furniture;
shelving and racking; and
all other contents at the insured’s premises.
No previous value to compare with.
Please indicate, in local currency, the value insured for Stock & Supplies in numbers and select your currency with the selector below.
Stock items are the goods or products a business sells to generate revenue. The stock sum insured should represent the value of all stock and materials in trade belonging to the insured, or for which they are responsible.
The stock sum insured should reflect the cost to the insured to replace the items and not the retail price.
When setting the sum insured, consideration should be given to the maximum value at risk during seasonal or other peak trading periods.
No previous value to compare with.
Please indicate, in local currency, the value insured for business interruption in numbers and select your currency with the selector below.
The gross profit sum insured is the amount by which the sum of the turnover, closing stock and work in progress exceeds the sum of the opening stock, work in progress and uninsured working expenses:
Calculating the insurance interest | Budget year 1 | Budget Year 2 | Budget Year 3 | Budget Year 4 |
|---|---|---|---|---|
Turnover | ||||
consumption of goods | ||||
variable costs | ||||
production wages |
For an Insurance period of 18 or 24 months, the insurance interest is calculated as the policyholder's expected total turnover of goods and services in the first 24 months after the start time of the coverage period with deduction of expected consumption in the same period of purchased merchandise for resale, raw materials and semi-finished products, direct salary, incl. wage earners costs for employees who do not belong to irrevocable agreements
For an Insurance period of 36 months, the insurance interest is calculated as the policyholder's expected total turnover of goods and services in the first 36 months after the start time of the coverage period with deduction of expected consumption in the same period of purchased merchandise for resale, raw materials and semi-finished products, direct salary, incl. wage earners costs for employees who do not belong to irrevocable agreements
No previous value to compare with.