Insurance

Insurance is essentially defined as the spreading of risk of economic loss due to fire, windstorm, flood, riot and civil commotion, and various other perils.


Most building owners will secure a standard policy known as a Business Owners Policy (BOP). MBMA created a series of Insurance Bulletins, which are relevant to its building owners, contractors, and insurance underwriters. MBMA's Insurance Bulletins will provide you with a comprehensive description of the different types of insurance companies, rating systems and how different hazards or conditions can impact insurance costs. The complete set of MBMA Insurance Bulletins are provided as individual links below. They will open in a new browser window as a PDF, which you can save or print.


Insurance Facts: This informative resource provides information on the types of rates, classifications, how they are computed, construction types, evaluation methods and how to review and evaluate a rate or loss cost for building owners. There is also information on how metal building systems rates compare including an insurance checklist.

MBMA Insurance Bulletins

Bulletin #1 Overviews fire insurance company organizations, ratings practices among stock companies; Lloyds; mutual insurance companies; reciprocal insurance providers; and self-insurers.
Bulletin #2 Provides general knowledge of fire and allied lines of insurance, and how to use the Insurance Facts booklet.
Bulletin #3 Describes the ISO (Insurance Service Office) or State Rating Bureaus.
Bulletin #4 Describes the property evaluation methods used by the Insurance Service Office (ISO).
Bulletin #5 Describes how exterior wall construction or column protection affect insurance rates or loss costs using Specific Commercial Property Evaluation Schedule (SCOPES).
Bulletin #6 Details how flame spread of insulation and/or interior finishes affect fire insurance rates or loss costs.
Bulletin #7 Reports on how occupancy affects rate or loss cost.
Bulletin #8 Shows a building owner's exposure in the event of a fire in an adjacent building, and provides exposure hazard charge information.
Bulletin #9 Explores how public protection classifications are established by rating authorities and what it means to the building owner.
Bulletin #10 Explains benefits of sprinkler systems and comparative information between sprinklered and non-sprinklered buildings.
Bulletin #11 Describes how contents within a building impact the structure and insurance rates.
Bulletin #12 Reviews ways of minimizing the impact that slightly higher insurance costs may have on a sale and shows how to have your building properly evaluated.
Bulletin #13 Describes optimum wind uplift ratings to lower insurance costs.
Bulletin #14 Explains earthquake rates or loss costs.
Bulletin #15 Compares metal building insurance costs with other building types.