System for the acquisition of technology risk mitigation information associated with insurance

A computerized method of insuring a property comprising:

• identifying a plurality of Standard Industrial Codes (SICs), wherein each SIC represents a manner of use for a potentially insurable property;
• storing the plurality of SICs in a computer;
• associating each SIC with a SIC-specific underwriting guideline in the computer;
• receiving, by the computer, a request to insure the property by entering into the computer data representing the property;
• receiving, by the computer, an indication of an intended use of the property by selecting with the computer a SIC from the plurality of stored SICs;
• collecting sensor data related to the property and storing the collected sensor data in the computer;
• underwriting, using the computer, the property by applying the SIC-specific underwriting guideline associated with the selected SIC to the property and the stored sensor data to determine if the property is insurable or not insurable;
• and
• calculating, by the computer, a premium for an insurance policy for the property based at least in part on the collected sensor data, wherein an effect of the collected sensor data on the calculating of the premium is determined based on the selected SIC.