Location Builder Risk Fields

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AIR's individual risk methodology follows a structured, logical approach that groups building characteristics according to their function to reflect the contribution of each characteristic to overall building performance. For information about the secondary risk characteristics that are supported in a specific model, refer to the "Model in Touchstone” chapter in the model description, which is available on AIR's Client Portal. Documentation for some AIR models includes a separate document that serves as a guide to the secondary risk characteristics (SRC) used in the model.

The following table describes the Touchstone location fields related to builder's risk for this location. For information about modeling Builder's Risk, see the Using Builder's Risk in Touchstone guide.

Field

Perils

Description

Validation Rules

Default Value

Project Completion

• HI TC

• US EQ

• US HU

Completeness percentage of the building project at this location

Touchstone defines this value as the percentage of the project completed with the start of the corresponding policy. The project completion percentage is by the cost of the project.

This field only applies to the Average Project Loss (5) project phase code. If you specify No Builder's Risk (0) or another phase loss, Touchstone ignores the value that specify for the project completion percentage.

• Optional

• Defaults to a value in the Touchstone user interface

• Can be a numeric value between 0 and .99, inclusive

Project Phase Code

• HI TC

• US EQ

• US HU

One of the following values to describe the vulnerability applicable to the phase of construction for the building project at this location:

Code Value	Description
No Builder's Risk (0)	Default
Phase 1 (1)	Foundation and substructure
Phase 2 (2)	Superstructure
Phase 3 (3)	Walls and roofing
Phase 4 (4)	Interiors, mechanical (conveying, plumbing, HVAC, fire protection), electrical, furnishings, miscellany.
Average Project Loss (5)	Average project loss over the duration of the project
Worst Loss (6)	Project phase when the loss potential is highest

A value of No Builder's Risk (0) for this field indicates that the building is completed, regular risk is assumed, and Touchstone applies no builder's risk.

If the level of builder's risk is unknown, enter 0 for this field.

• Optional

• Defaults to a value in the Touchstone user interface

No Builder's Risk (0)

Touchstone 7.0 Updated September 03, 2020