Worked examples
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Step 3 · Benchmark report
722511 — Full-Service Restaurants
Two full-service waterfront restaurants in Broward County with table service, a full bar and a shared commissary kitchen. Thirty-two employees, mostly hourly front-of-house.
- Revenue band
- $1M - $5M
- Employees
- 32
- State
- FL
- Peer cohort
- 45 policies
Overall posture
In line with peers
37th percentile on total premium
Peer-expected lines covered
3 of 3
Counting a packaged form as covering its parts
Total annual premium
$45,400
Peer median $52,760 (−$7K)
Gaps
0 critical
1 material, 6 advisory
Findings
7 gaps against the peer cohort
Ranked by severity. Each one names the peer statistic it rests on, so the recommendation can be argued with.
0 critical · 1 material · 6 advisory
- Material
Business Owners Policy retention high for the value insured
Business Owners PolicyThe Business Owners Policy deductible is $25,000 against $1,000,000 of insured value - 2.50% - where peers retain 0.50%.
Recommendation
Ask the carrier to quote the peer-median retention alongside the current one. A retention this far above the market is often a leftover from a hard-market renewal that nobody went back to.
Peer evidence
Across the 45-policy cohort the median Business Owners Policy deductible is 0.50% of the value insured; yours is 2.50%.
- Advisory
No commercial auto in place
Commercial AutoThe program has no Commercial Auto cover.
Recommendation
Put Commercial Auto on the renewal agenda. Enough comparable accounts buy it that the decision should be a documented one rather than an omission.
Peer evidence
27% of the 45 peers in this cohort carry Commercial Auto.
- Advisory
No crime / fidelity in place
Crime / FidelityThe program has no Crime / Fidelity cover.
Recommendation
Put Crime / Fidelity on the renewal agenda. Enough comparable accounts buy it that the decision should be a documented one rather than an omission.
Peer evidence
27% of the 45 peers in this cohort carry Crime / Fidelity.
- Advisory
No cyber & privacy liability in place
Cyber & Privacy LiabilityThe program has no Cyber & Privacy Liability cover.
Recommendation
Put Cyber & Privacy Liability on the renewal agenda. Enough comparable accounts buy it that the decision should be a documented one rather than an omission.
Peer evidence
44% of the 45 peers in this cohort carry Cyber & Privacy Liability.
- Advisory
No employment practices liability in place
Employment Practices LiabilityThe program has no Employment Practices Liability cover.
Recommendation
Put Employment Practices Liability on the renewal agenda. Enough comparable accounts buy it that the decision should be a documented one rather than an omission.
Peer evidence
40% of the 45 peers in this cohort carry Employment Practices Liability.
- Advisory
No inland marine in place
Inland MarineThe program has no Inland Marine cover.
Recommendation
Put Inland Marine on the renewal agenda. Enough comparable accounts buy it that the decision should be a documented one rather than an omission.
Peer evidence
38% of the 45 peers in this cohort carry Inland Marine.
- Advisory
No umbrella / excess liability in place
Umbrella / Excess LiabilityThe program has no Umbrella / Excess Liability cover.
Recommendation
Put Umbrella / Excess Liability on the renewal agenda. Enough comparable accounts buy it that the decision should be a documented one rather than an omission.
Peer evidence
40% of the 45 peers in this cohort carry Umbrella / Excess Liability.
Current versus proposed
This program rebuilt at peer-median limits
Every figure below is repriced from the same peer cohort the benchmark used. The comparison runs in both directions: a program carrying too little cover reprices upward, and that is the correct answer.
Modelled figures, not carrier quotes
Modelled by repricing this program at peer-median limits using peer-median premiums from the same cohort. These are modelled figures from a synthetic corpus, not carrier quotes. Nothing here has been submitted to a market.
Current program
$45,400
2 of 2 lines · $2M in limits
0 critical, 1 material
Total annual premium as placed today
Proposed structure
$41,060
2 of 2 lines · $2M in limits
No critical or material gaps remaining
Closes 1 of 1 at peer-median limits
Annual difference
−$4,340
Same lines, same limits
9.6% less than the current program
Total limits add up each line’s own limit. Coverage lines do not stack in a claim, so this is not one tower of cover.
| Coverage line | Change | Limitcurrent to proposed | Annual premiumcurrent to proposed | Difference |
|---|---|---|---|---|
| Business Owners Policy | Lower retention | $1M$1M | $21,600$17,260 | −$4,340(20%) |
Peers in this 45-policy cohort retain a median $5,000 on Business Owners Policy and pay $17,260 at this program's $1,000,000 limit; this program retains $25,000 and pays $21,600. Retention $25,000 to $5,000 | ||||
| Workers Compensation | Unchanged | $1M$1M | $23,800$23,800 | $0 |
This program's $1,000,000 of Workers Compensation is at or above the peer median of $1,000,000, at the 54th percentile of peers who carry it, so it is left as written. | ||||
A difference in parentheses is that line as a share of its own current premium. Lines added to the program have no current premium, so they show a dollar figure only.
Every line
Line by line against the cohort
Select a row to see the full peer distribution for that line.
| Coverage line | Peers carry | On program | Your limit | Peer median | Position | Your premium |
|---|---|---|---|---|---|---|
| 76% | No | — | $2M | — | ||
| 58% | No | — | $1.75M | — | ||
| 29% | Yes | $1M | $500K | 67th | $21,600 | |
| 89% | Yes | $1M | $1M | 54th | $23,800 | |
| 27% | No | — | $2M | — | ||
| 40% | No | — | $5M | — | ||
| 44% | No | — | $1M | — | ||
| 18% | No | — | $1M | — | ||
| 4% | No | — | $1.5M | — | ||
| 40% | No | — | $500K | — | ||
| 27% | No | — | $250K | — | ||
| 38% | No | — | $50K | — |
Position shows the p10-p90 peer band with the interquartile range solid and this account’s limit as the dark rule. A percentage in red is a line most peers carry and this account does not.
Position detail
Business Owners Policy
Packaged liability and property cover written for smaller accounts.
Limit against peers
Premium against peers
- Peers carrying
- 29%
- Your deductible
- $25,000
- Peer median deductible
- $5,000
- Your premium
- $21,600
Adoption
What peers buy, and what this program has
Sorted by peer adoption. A tall hollow bar is a line most of the cohort carries and this account does not.
Data provenance
Peer figures come from a synthetic corpus of 11,000 modelled policies. They are not market data: no carrier, filing, bordereau or real policy is represented here. The corpus is generated by a documented model (seed 20260826) that varies adoption, limits, premiums and deductibles by NAICS sector, revenue band and state, weighted toward Florida and the South Atlantic. It is built to be internally coherent and byte-for-byte reproducible so the analysis behaves the way it would on real data - but every peer statistic on this page is modelled. Replace this corpus with bordereau or rating-bureau data before quoting any figure to a client.
Corpus peer-corpus-2026.08-r1 · 11,000 generated policies · seed 20260826 · cohort 722511 / $1M - $5M / FL · n=45 · generated 2026-09-08