Location Values Fields

 

The following table describes the Touchstone location fields related to the values associated with this location:

Field

Description

Validation Rules

Default Value

Display Currency

Currency for the display of financial values

 

See the list of valid currency codes.

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.

 

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. To use this default value, do not supply a value for this field (or delete an existing value for this field) in the Touchstone user interface. To use the default value when importing data, enter X for this field in your import data.

       Optional

       Defaults to a value in the Touchstone user interface

       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.

 

To use Touchstone default value for this field, do not supply a value for this field (or delete an existing value for this field) in the Touchstone user interface. To use the default value when importing data, enter X for this field in your import data. See the Touchstone workers' compensation default values.

       Optional

       Defaults to a value in the Touchstone user interface

       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.

 

To use Touchstone default value for this field, do not supply a value for this field (or delete an existing value for this field) in the Touchstone user interface. To use the default value when importing data, enter X for this field in your import data. See the Touchstone workers' compensation default values.

       Optional

       Defaults to a value in the Touchstone user interface

       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.

 

To use Touchstone default value for this field, do not supply a value for this field (or delete an existing value for this field) in the Touchstone user interface. To use the default value when importing data, enter X for this field in your import data. See the Touchstone workers' compensation default values.

       Optional

       Defaults to a value in the Touchstone user interface

       Must be a numeric value between 0.00 and 1.00, inclusive

       Only applicable for workers' compensation locations

Default

Medical Minor

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

 

To use Touchstone default value for this field, do not supply a value for this field (or delete an existing value for this field) in the Touchstone user interface. To use the default value when importing data, enter X for this field in your import data. See the Touchstone workers' compensation default values.

       Optional

       Defaults to a value in the Touchstone user interface

       Must be a numeric value between 1 and 999999999, inclusive

       Only applicable for workers' compensation locations

Default

Medical Moderate

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

 

To use Touchstone default value for this field, do not supply a value for this field (or delete an existing value for this field) in the Touchstone user interface. To use the default value when importing data, enter X for this field in your import data. See the Touchstone workers' compensation default values.

       Optional

       Defaults to a value in the Touchstone user interface

       Must be a numeric value between 1 and 999999999, inclusive

       Only applicable for workers' compensation locations

Default

Medical Major

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

 

To use Touchstone default value for this field, do not supply a value for this field (or delete an existing value for this field) in the Touchstone user interface. To use the default value when importing data, enter X for this field in your import data. See the Touchstone workers' compensation default values.

       Optional

       Defaults to a value in the Touchstone user interface

       Must be a numeric value between 1 and 999999999, inclusive

       Only applicable for workers' compensation locations

Default

Medical Fatality

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

 

To use Touchstone default value for this field, do not supply a value for this field (or delete an existing value for this field) in the Touchstone user interface. To use the default value when importing data, enter X for this field in your import data. See the Touchstone workers' compensation default values.

       Optional

       Defaults to a value in the Touchstone user interface

       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

 

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Touchstone 3.0 Updated December 02, 2016