Our Building Code Effectiveness Grading Schedule (BCEGS®) assesses community building codes and their enforcement, with special emphasis on mitigation of losses from natural hazards.
Dale Thomure, CBO, CFM
Manager, Community Hazard Mitigation (BCEGS)
Municipalities with well-enforced, up-to-date codes should demonstrate better loss experience, which can be reflected in lower insurance rates. The prospect of lessening catastrophe-related damage and ultimately lowering insurance costs provide an incentive for communities to enforce their building codes rigorously — especially as they relate to windstorm and earthquake damage.
The anticipated benefits are safer buildings, less damage, and lower insured losses from catastrophes. The BCEGS program assesses a community’s building code enforcement in three areas:
We collect 1,243 data points to calculate two scores: One for one- and two-family residential construction and another for commercial or industrial construction. Internal scoring ranges from a minimum of 0 to a maximum of 100. For insurance rating guidance, we translate the scores to a scaled class rating of 1 (exemplary commitment to building code enforcement) to 10. The classifications apply to communities under the jurisdiction of each building code department. We provide participating insurers with BCEGS classifications, BCEGS advisory credits, and related underwriting information.
Follow the links for further information about the BCEGS program:
For more information on any topic related to the Building Code Effectiveness Grading Schedule (BCEGS®) program, contact our mitigation team via email at BCEGS_info@verisk.com or call our mitigation specialists at 1-800-444-4554.