1. On the Valuation dashboard, click Create New Valuation. The Create New Valuation window opens.
2. Commercial Valuation enters a system-generated estimate number in the Valuation Number box. You can replace the estimate number with a policy number, file number, or anything you want to use as the primary identification number for the valuation.
3. If necessary, select a different effective date.

The effective date is the date when the policy goes into effect.

4. If necessary, select a different expiration date.

The expiration date is the date when the policy is up for renewal. The expiration date is the current date plus one year plus one day.

5. If necessary, select a different estimate expiration date.

The estimate expiration date is the date the estimate will expire and be removed from the system if a valuation number has not been assigned. Typically, this date is 90 days from the creation of the valuation, but the site you use may be configured to use a different duration. If you enter a valuation number and save the valuation, this box no longer appears.

6. If required by your company, enter the account number.

1. Enter the business name and either the city and state or the zip code. The more information you provide, the narrower the search results.
2. If you want to use the insured address as the property address, select Use Insured Address as Property Address.
3. Click Search Business.
4. Select a business from the search results. You can sort the results to help you find the business you want.

• If the system retrieves a list of business locations and identifies the headquarters, select only the headquarters location. The system includes the headquarters and all associated locations in the estimate.
• If the system retrieves a list of business locations and does not identify the headquarters, select the locations that you want to use. If you select multiple locations, the system selects the first location listed as the headquarters. If necessary, you can change the headquarters location later.
• If the business you want is not on the list, refine your search criteria or manually add the valuation. Tip: use the zip code instead of the city and state.

5. Click Use Business. Commercial Valuation prefills the Business Profile section with available data.

Prefill data are based on business models and are not intended to represent the exact contents of a specific business. You need to validate the estimated values and make necessary changes to refine the contents valuation. Commercial Valuation saves both system defaults and user overrides.

If your configuration includes Business Profile, follow these steps.

1. Do one or more of the following:

• You can use either NAICS code or SIC industry code. The NAICS code is a six-digit code that identifies a business according to the North American Industry Classification System. The SIC code is a four-digit code that identifies a business according to the Standard Industrial Classification system
• If necessary, edit the gross sales, number of employees, contents quality, space occupied, and year started information.

2. Click Continue.

1. On the Valuation dashboard, click Create New Valuation. The Create New Valuation window opens.
2. Commercial Valuation enters a system-generated estimate number in the Valuation Number box. You can replace the estimate number with a policy number, file number, or anything you want to use as the primary identification number for the valuation.
3. If necessary, select a different effective date.

The effective date is the date when the policy goes into effect.

4. If necessary, select a different expiration date.

The expiration date is the date when the policy is up for renewal. The expiration date is the current date plus one year plus one day.

5. If necessary, select a different estimate expiration date.

The estimate expiration date is the date the estimate will expire and be removed from the system if a valuation number has not been assigned. Typically, this date is 90 days from the creation of the valuation, but the site you use may be configured to use a different duration. If you enter a valuation number and save the valuation, this box no longer appears.

6. If required by your company, enter the account number.

1. Enter the insured business name and address.
2. If you want to use the insured address as the property address, select Use Insured Address as Property Address.

If your configuration includes Business Profile, follow these steps.

1. Click Add Profile. The Business Profile section opens.
2. Enter the industry code.

To search for an industry code, type the industry name and select the code you want from the results list.

3. Enter the remaining business profile information:

• Gross Sales
• Number of Employees
• Contents Quality
• Space Occupied
• Year Started

4. Click Continue. The Property Valuation Summary page opens.

1. In the Valuation Details section, click the Edit icon .
2. If necessary, change the following information:

• Valuation number
• Effective date
• Expiration date
• Estimate expiration date

3. Enter the following information as necessary:

• Account number
• Account name
• Claim number
• Loss date
• Loss control number
• Survey date
• Value basis

4. Click Save.

1. In the Contents Insight Estimate section, click the Edit icon .
2. Edit the contents information as necessary. Commercial Valuation saves both system defaults and user overrides.
3. Click Save.
4. If Commercial Valuation does not recalculate the contents value automatically, click the Calculate Contents icon .