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CSP Classification Codes Explained – What You Need to Know

June 3, 2014

CSPOne of the most frequent questions I get when visiting an insurance agency is, “What is a CSP classification code?” Unless you’ve ever worked in a rating capacity, you’ve probably seen the numbers assigned to risks but never had to work with them. CSP stands for “Commercial Statistical Plan” and groups similar risks into categories for statistical recording. Because insurance rates are based on statistical losses, obtaining the correct CSP code is important. When a loss is reported it goes into a certain category, to keep rates actuarially sound it must go into the correct category. Risks can also be grouped into CSP Territories and using the RCP code…just about everything can be assigned a CSP Code.

The Group 1 Causes of Loss rates are based on CSP classification codes that are assigned to occupants within a risk, and to the risk itself. The CSP for an occupant can be the same as, or different from, the risk CSP depending on the size of the building, and the number and types of occupants. CSPs can also be used to help determine if a building should be class- or specifically-rated.

While the list below is not complete it should give you a general idea of the type of building or occupant based on the CSP and lists some of the more common CSPs used. CSPs are 4-digit codes:

CSP Category Example
03– These risks are typically apartments. Individual CSPs will indicate if there are mercantile occupants within the building, and the number of units in the apartment section. 0311 is an apartment building with up to 10 units and no mercantile occupancies.
074- These are hotels and motels with or without restaurants, and the individual CSP is determined based on number of units within the hotel/motel. 0744 is a hotel with a restaurant and over 30 rooms.
0541/0542 These risks are restaurants or bars & taverns. Limited cooking may be found elsewhere.  
056- Occupants or risks with 056- code are mercantile.

0565 is used for Jewelry occupants.

0566 is used for Sporting Goods

0567 is used for general moderate susceptibility mercantile.

051-, 052-, and 053- can also be used for mercantile occupants.

083-,084- These risks are recreational facilities, including roller rinks, movie theaters, playgrounds, etc.  
09– These risks tend to be non-manufacturing or service occupants.

0900: Churches

0911: Dry cleaners

0921: Light hazard service occupant

12–,14–,15–,16– These risks are storage related.

1200: Piers, wharves, bridges

1220: Household goods storage

1501: Tobacco warehouses, storage

2— This code is used for food manufacturing.

2059: Meat, poultry, fish products

2200: Bakery and bakery products

2400: Breweries

38–,39– Wood manufacturing  
2800,3009 Clothing and textile products manufacturing  
5— Chemical manufacturing, with individual CSPs for plastics and rubber.  
68– Metal manufacturing  

A complete list of CSP Classification Codes can be found on the Classifications pages of the Commercial Lines Manual.

Article by: Kristen Skinner

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