what is a value reporting form 
a value reporting form is an insurance form businesses complete to provide information to their insurance company in order to receive variable coverage amounts businesses that hold irregular inventories typically are the ones that will submit value reporting forms to their insurance companies throughout the year the irregular inventory may be differences in the quantity quality and specific items held the value reporting form enables the company to periodically report the values of this shifting stock to the insurance provider the insurer in turn adjusts the amount of coverage to reflect the value of the current inventory using a value reporting form can help the company avoid being overinsured or underinsured insurance companies may also call this form a stock reporting form understanding value reporting formsa company must maintain adequate insurance to cover hazards and a value reporting form is an essential tool in determining the proper commercial property insurance levels some business commerce requires a company to have inventories that vary significantly throughout the year depending on seasonal factors consumer needs and fluctuations in supply and demand from retailers to manufacturers this cyclic ebb and flow of merchandise and commodities require regular oversight and monitoring most of the insurance industry uses the standardized insurance services office iso form number cp 13 10 for reporting but there are other forms in use 1 businesses should make sure they work with an insurance agent or broker who is familiar with the unique requirements necessary when using a value reporting method special considerations