Location Values Fields

Display Currency

Currency for the display of financial values

Read only

Total Replacement Value

Total replacement value (all coverages combined) of this location

•       Read only

•       Must be a numeric value between 0 and 999999999999999, inclusive

•       Not applicable for workers' compensation locations

Replacement Value Building

Total replacement value of all the buildings that this location record covers

Enter the actual value. Alternately, enter 0 if the building is not covered.

Note the following special cases:

•       For the Great Britain and Germany Inland Flood models, if the floor of interest is not 0, this field represents the replacement value of the floor of interest only and not of the whole building.

•       For the Europe Extratropical Cyclone model, if the country is Norway (8), Sweden (9), or Finland (89), the occupancy code is 375 - Forestry, and you do not provide a building replacement value, Touchstone uses the gross area value in conjunction with the per-hectare forestry unit price values to determine the replacement value.

•       For workers' compensation policies, enter 0.

•       For the U.S. Hurricane Plate Glass Module, enter the total replacement value of all the glass in the building.

•       Defaults to a value in the Touchstone user interface

•       Must be a numeric value between 0 and 999999999999999, inclusive

•       Not applicable for workers' compensation locations

0

Replacement Value Other

Total replacement value of all appurtenant structures that this location record covers, such as outbuildings, sheds, gazebos, etc.

Enter the actual value or the insurance-to-value assumption as a decimal greater than or equal to 0 and less than or equal to 1. For example, enter 0.12 for 12%. Alternately, enter 0 if other structures are not covered.

Touchstone does not support this field for workers' compensation policies, offshore platform policies, and the U.S. Hurricane Plate Glass Module. Enter 0.

•       Defaults to a value in the Touchstone user interface

•       Must be a numeric value between 0 and 999999999999999, inclusive

•       Not applicable for workers' compensation locations

0

Replacement Value Content

Replacement value of contents that this location record covers

Enter the actual value or the insurance-to-value assumption as a decimal greater than or equal to 0 and less than or equal to 1. For example, enter 0.12 for 12%. Alternately, enter 0 if contents are not covered.

Note the following special cases:

•       For the Great Britain and Germany Inland Flood models, if the floor of interest is not 0, this field represents the replacement value of the contents in the floor of interest only and not of the contents in the rest of the building.

•       Touchstone does not support this field for workers' compensation policies, offshore platform policies, and the U.S. Hurricane Plate Glass Module. Enter 0.

•       Defaults to a value in the Touchstone user interface

•       Must be a numeric value between 0 and 999999999999999, inclusive

•       Not applicable for workers' compensation locations

0

Replacement Value Time

Yearly cost for all time element coverage for the risks that this location record covers

Enter the actual value. Alternately, enter 0 if time element is not covered.

For example, if the per diem business interruption value is $10,000, enter 10,000 in the Replacement Value Time field and 1 in the Replacement Value Days Covered field. Alternatively, enter the yearly business interruption value 3650000 in this field and 365 in the Replacement Value Days Covered field. Both entries will produce identical results.

Touchstone does not support this field for workers' compensation policies, offshore platform policies, and the U.S. Hurricane Plate Glass Module. Enter 0.

•       Defaults to a value in the Touchstone user interface

•       Must be a numeric value between 0 and 999999999999999, inclusive

•       Not applicable for workers' compensation locations

0

Replacement Value Days Covered

Number of days for which the replacement value time is in effect

For example, if the replacement value time is per diem, enter 1. If the replacement value time is an annual total, enter 365.

Touchstone divides the replacement value time by the replacement value days covered. Consequently, you can select any number between 1 and 365, inclusive, that generates the best estimate of a per diem payout.

Touchstone does not support this field for offshore platform policies. Enter 0.

•       Required if you are creating a new record or editing an existing record

•       Defaults to a value in the Touchstone user interface

•       Must be a numeric value between 1 and 365, inclusive

•       Not applicable for workers' compensation locations

365

Number of Employees

Number of covered employees at this location

Enter 0 if you want to use the annual payroll and average annual wage instead of this field.

For aggregate Japan Personal Accident data, you should always supply a value for this field.

•       Required if you are creating a new record or editing an existing record for a location in Japan (i.e., for locations with a country code of JP)

•       Required if annual payroll is null

•       Must be a numeric value between 1 and 999999999, inclusive

•       Only applicable for workers' compensation locations

NULL

Annual Payroll

Total annual payroll for all covered employees at this location

If you provide the number of employees, enter 0 for this field.

•       Required if number of employees is null

•       Must be a numeric value between 1 and 999999999, inclusive

•       Only applicable for workers' compensation locations

NULL

Average Annual Wage

Average wage for all covered employees at this location

The Touchstone default value for this field is the state average.

•       Optional

•       Must be a numeric value between 1 and 999999999, inclusive

•       Only applicable for workers' compensation locations

Default

Percent Day Shift

Percent of employees on premises at this location during the day shift, that is, during normal working hours (9 a.m. - 4:59 p.m.)

For locations in the United States (i.e., for locations with a country code of US), enter the percentage as a decimal greater than or equal to 0 and less than or equal to 1. For example, enter 0.12 for 12%.

Touchstone assumes that this percentage of employees will be at this location for eight hours per day.

For locations in Japan (i.e., for locations with a country code of JP), enter the percentage as a number greater than or equal to 0 and less than or equal to 100.

•       Optional

•       For locations in the United States (i.e., for locations with a country code of US), must be a numeric value between 0.00 and 1.00, inclusive

•       For locations in Japan (i.e., for locations with a country code of JP), must be a numeric value between 0.00 and 100.00, inclusive

•       Only applicable for workers' compensation locations

Default

Percent Evening Shift

Percent of employees on premises at this location during the evening shift, that is, during typical commute times (7 a.m. - 8:59 a.m., 5 p.m. - 6:59 p.m.)

Enter the percentage as a decimal greater than or equal to 0 and less than or equal to 1. For example, enter 0.12 for 12%.

Touchstone assumes that this percentage of employees will be at this location for four hours per day.

Touchstone ignores this field for the Japan Personal Accident model.

•       Optional

•       Must be a numeric value between 0.00 and 1.00, inclusive

•       Only applicable for workers' compensation locations

Default

Percent Night Shift

Percent of employees on premises at this location during the night shift (7 p.m. - 6:59 a.m.)

Enter the percentage as a decimal greater than or equal to 0 and less than or equal to 1. For example, enter 0.12 for 12%.

Touchstone assumes that this percentage of employees will be at this location for 12 hours per day.

•       Optional

•       Must be a numeric value between 0.00 and 1.00, inclusive

•       Only applicable for workers' compensation locations

Default

Medical and Indemnity Minor

Average medical and indemnity payment rate for minor (outpatient for Japan) injuries, applicable for medical and indemnity payments

•       Optional

•       Must be a numeric value between 1 and 999999999, inclusive

•       Only applicable for workers' compensation locations

Default

Medical and Indemnity Moderate

Average medical and indemnity payment rate for moderate (hospitalization and surgery for Japan) injuries, applicable for medical and indemnity payments

•       Optional

•       Must be a numeric value between 1 and 999999999, inclusive

•       Only applicable for workers' compensation locations

Default

Medical and Indemnity Major

Average medical and indemnity payment rate for major (disability for Japan) injuries, applicable for medical and indemnity payments

•       Optional

•       Must be a numeric value between 1 and 999999999, inclusive

•       Only applicable for workers' compensation locations

Default

Medical and Indemnity Fatality

Average medical and indemnity payment rate for fatal (death for Japan) injuries, applicable for medical and indemnity payments

•       Optional

•       Must be a numeric value between 1 and 999999999, inclusive

•       Only applicable for workers' compensation locations

Default

Number of Risks

Number of risks for this location record

Touchstone does not support this field for offshore platform policies.

•       Defaults to a value in the Touchstone user interface

•       Must be a numeric value between 1 and 30, inclusive

1

Per Diem Rate

Per diem time element replacement value for this location

The per diem time element replacement value calculation for each location is the replacement value time divided by replacement value days covered.

•       Read only

•       Must be a numeric value between 0 and 999999999999999, inclusive

Premium

Total premium for this location, that is, the sum of the written premiums for all the risks that this record covers.

Touchstone does not use this field in analyses.

Optional

0