MMJUA advises of a CGL rate change effective 11/01/2018

This Advisory is to notify you and your policyholders that the MMJUARI will use updated ISO rates and rules to price its commercial liability insurance for all new and renewal policies with effective dates on or after November 1, 2018.

The MMJUARI is authorized to price its commercial general liability insurance using current ISO classifications, premium bases, loss costs and rules. As the ISO regularly updates and changes these rates and rules, the MMJUARI revises its rates as well.

To assist you in assessing the impact of these corrections for your policyholders, we have attached a table containing the current class codes and definitions, premium bases, loss costs, and territory definitions.

When preparing the online application, please list the appropriate class codes for each of the policyholder’s locations or business activities and include the most recent exposure data. Consistent with the ISO rules, the MMJUARI will calculate its general liability premium by multiplying territory-specific loss costs for the appropriate class code(s) for each of the insured locations by the ISO specified premium base. Although allowed under the ISO rates and rules, the MMJUARI does not currently apply any additional multipliers or discounts to these rates. As in the past, the premium for all commercial general liability policies will be subject to retrospective audit of the policyholder’s records.


Please contact us should you have any questions.


Thank you,
Jerilynn R. Leahy
Executive Director

Description

Code

Base

ILF Table

ILF

Base Rate

Territory

501

502

503

Dental Lab

12014

Per $1,000 gross sales

2

1.44

0.164

0.149

0.128

Gift Shop

13507

Per $1,000 gross sales

1

1.31

3.27

4.05

2.14

Cafeteria

16820

Per $1,000 gross sales

1

1.31

1.40

1.34

1.15

Adult Day Care - For Profit

40005

Per patient

2

1.44

 16.61

 10.84

 9.95

Adult Day Care - Not For Profit

40006

Per patient

2

1.44

 16.61

10.84 

9.95 

Blood Bank - For Profit

40101

Per 1,000 square feet

2

1.44

52.60

28.80

45.10

Blood Bank - Not For Profit

40102

Per 1,000 square feet

2

1.44

46.50

25.40

39.90

Day Care Center - For Profit

41715

Per patient

1

1.31

23.20

17.30

12.10

Day Care Center - Not For Profit

41716

Per patient

1

1.31

14.80

11.00

7.67

Inpt Alcohol & Drug Facility - FP

44427

Per 1,000 square feet

2

1.44

190.00

104.00

163.00

Inpt Alcohol & Drug Facility - NFP

44428

Per 1,000 square feet

2

1.44

191.00

105.00

164.00

Convalescent / Nursing Home - FP

44429

Per $1,000 gross sales

2

1.44

2.87

1.57

2.46

Convalescent / Nursing Home - NFP

44430

Per $1,000 gross sales

2

1.44

1.99

1.09

1.71

Home for the Aged - FP

44431

Per $1,000 gross sales

2

1.44

6.37

3.48

5.46

Home for the Aged - NFP

44432

Per $1,000 gross sales

2

1.44

2.02

1.10

1.73

Home for the Handicapped - FP

44433

Per 1,000 square feet

3

1.68

64.30

35.20

55.10

Home for the Handicapped - NFP

44434

Per 1,000 square feet

3

1.68

123.00

67.30

105.00

Acute Care Hospital - FP

44435

Per 1,000 square feet

2

1.44

127.00

69.70

109.00

Acute Care Hospital - NFP

44436

Per 1,000 square feet

2

1.44

149.00

81.40

128.00

Psychiatric Hospital - FP

44437

Per 1,000 square feet

2

1.44

123.00

67.50

106.00

Psychiatric Hospital - NFP

44438

Per 1,000 square feet

2

1.44

97.50

53.30

83.50

Clinics, Dispensaries - FP

44439

Per 1,000 square feet

2

1.44

190.00

104.00

163.00

Clinics, Dispensaries - NFP

44440

Per 1,000 square feet

2

1.44

157.00

85.90

135.00

Home Health Services - NFP

44500

Per $1,000 clinical payroll

2

1.44

 6.95

7.08 

4.89 

Home Health Services - FP

44501

Per $1,000 clinical payroll

2

1.44

 5.48

 5.57

 3.85

Diagnostic Testing Lab

46112

Per $1,000 gross sales

2

1.44

0.207

0.113

0.177

Parking Lot

46622

Per 1,000 square feet

2

1.44

25.10

28.00

17.00

Apartment Building

60010

Per unit

2

1.44

65.50

97.60

62.00

Boarding or Rooming House

61000

Per unit

3

1.68

62.90

96.60

61.40

Office Building or Premise- FP

61226

Per 1,000 square feet

2

1.44

165.00

186.00

160.00

Office Building or Premise- NFP

61227

Per 1,000 square feet

2

1.44

151.00

170.00

146.00

Medical Office Building

66561

Per 1,000 square feet

2

1.44

120.00

134.00

116.00

Storage/Warehouse

68706

Per 1,000 square feet

2

1.44

40.80

45.80

39.40

Vacant Building

68606

Per 1,000 square feet

2

1.44

19.50

21.90 

18.80

Vacant Land

49451

Per 1,000 square feet

2

1.44

17.52

20.16

19.08

 

same as expiring

   
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