TBF Insure

Worked examples

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Step 3 · Benchmark report

332312 — Fabricated Structural Metal Manufacturing

Structural steel fabricator producing bridge sections, stair assemblies and prefabricated metal for commercial contractors across South Florida. Ninety-five employees, own yard and delivery fleet.

Revenue band
$25M - $100M
Employees
95
State
FL
Peer cohort
368 policieswidened

This cohort was widened to reach minimum size

NAICS 332312 / $25M - $100M / FL matched 1 peer policy, below the 40-policy minimum for a stable benchmark. Widened to all states and the Manufacturing sector. That gives 368 peer policies.

Overall posture

In line with peers

42nd percentile on total premium

Peer-expected lines covered

8 of 8

Counting a packaged form as covering its parts

Total annual premium

$988,900

Peer median $1,091,915 ($103K)

Gaps

0 critical

0 material, 1 advisory

Findings

1 gap 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 · 0 material · 1 advisory

  1. Advisory

    Professional Liability (E&O) limit below the peer median

    Professional Liability (E&O)

    The program carries $2,000,000 of Professional Liability (E&O), at the 33rd percentile of peers who carry the line.

    Recommendation

    Worth an option at $5,000,000 on the renewal so the client can price the difference themselves.

    Peer evidence

    Peer median Professional Liability (E&O) limit in this cohort is $5,000,000.

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

$988,900

11 of 11 lines · $72M in limits

No critical or material gaps

Total annual premium as placed today

Proposed structure

$1,009,250

11 of 11 lines · $75M in limits

No gaps remaining

Total annual premium at peer-median limits

Annual difference

+$20,350

+$3M in limits

2.1% more than the current program

+$20,350 buys $3M more cover on the lines already placed.

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.

Each coverage line with the change proposed, its current and proposed limit, its current and proposed annual premium, the difference, and the peer statistic the change rests on.
Coverage lineChangeLimitcurrent to proposedAnnual premiumcurrent to proposedDifference
General LiabilityUnchanged$2M$2M$164,000$164,000$0

This program's $2,000,000 of General Liability is at or above the peer median of $2,000,000, at the 39th percentile of peers who carry it, so it is left as written.

Commercial PropertyUnchanged$25M$25M$268,000$268,000$0

This program's $25,000,000 of Commercial Property is at or above the peer median of $25,000,000, at the 29th percentile of peers who carry it, so it is left as written.

Workers CompensationUnchanged$2M$2M$272,000$272,000$0

This program's $2,000,000 of Workers Compensation is at or above the peer median of $2,000,000, at the 72nd percentile of peers who carry it, so it is left as written.

Commercial AutoUnchanged$2M$2M$96,000$96,000$0

This program's $2,000,000 of Commercial Auto is at or above the peer median of $2,000,000, at the 36th percentile of peers who carry it, so it is left as written.

Umbrella / Excess LiabilityUnchanged$25M$25M$61,000$61,000$0

This program's $25,000,000 of Umbrella / Excess Liability is at or above the peer median of $25,000,000, at the 63rd percentile of peers who carry it, so it is left as written.

Cyber & Privacy LiabilityUnchanged$5M$5M$31,000$31,000$0

This program's $5,000,000 of Cyber & Privacy Liability is at or above the peer median of $2,000,000, at the 72nd percentile of peers who carry it, so it is left as written.

Professional Liability (E&O)Raise limit$2M$5M$31,500$51,850+$20,350(65%)

Peers in this 368-policy cohort carry $5,000,000 of Professional Liability (E&O) at a median premium of $51,850; this program carries $2,000,000 at $31,500.

Directors & OfficersUnchanged$5M$5M$26,000$26,000$0

This program's $5,000,000 of Directors & Officers is at or above the peer median of $5,000,000, at the 58th percentile of peers who carry it, so it is left as written.

Employment Practices LiabilityUnchanged$2M$2M$13,000$13,000$0

This program's $2,000,000 of Employment Practices Liability is at or above the peer median of $2,000,000, at the 63rd percentile of peers who carry it, so it is left as written.

Crime / FidelityUnchanged$1M$1M$3,600$3,600$0

This program's $1,000,000 of Crime / Fidelity is at or above the peer median of $500,000, at the 77th percentile of peers who carry it, so it is left as written.

Inland MarineUnchanged$1M$1M$22,800$22,800$0

This program's $1,000,000 of Inland Marine is at or above the peer median of $1,000,000, at the 50th 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 lines with peer adoption, this account’s limit and premium, and its position in the peer distribution.
Coverage linePeers carryOn programYour limitPeer medianPositionYour premium
96%Yes$2M$2M
$2M, 39th percentile. Peers: $1M to $5M, median $2M.39th
$164,000
77%Yes$25M$25M
$25M, 29th percentile. Peers: $25M to $50M, median $25M.29th
$268,000
0%Nono peer limit data
96%Yes$2M$2M
$2M, 72nd percentile. Peers: $1M to $2M, median $2M.72nd
$272,000
64%Yes$2M$2M
$2M, 36th percentile. Peers: $1M to $5M, median $2M.36th
$96,000
69%Yes$25M$25M
$25M, 63rd percentile. Peers: $5M to $50M, median $25M.63rd
$61,000
42%Yes$5M$2M
$5M, 72nd percentile. Peers: $1M to $10M, median $2M.72nd
$31,000
32%Yes$2M$5M
$2M, 33rd percentile. Peers: $1M to $10M, median $5M.33rd
$31,500
52%Yes$5M$5M
$5M, 58th percentile. Peers: $2M to $10M, median $5M.58th
$26,000
75%Yes$2M$2M
$2M, 63rd percentile. Peers: $1M to $5M, median $2M.63rd
$13,000
40%Yes$1M$500K
$1M, 77th percentile. Peers: $250K to $1.4M, median $500K.77th
$3,600
63%Yes$1M$1M
$1M, 50th percentile. Peers: $1M to $1M, median $1M.50th
$22,800

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

Professional Liability (E&O)

Claims alleging a negligent act, error, or omission in professional services.

In line with peers

Limit against peers

Median $5M
p10 $1Mp90 $10M
This account$2M33rd percentile of peers

Premium against peers

Median $52K
p10 $26Kp90 $86K
This account$32K22nd percentile of peers
Peers carrying
32%
Your deductible
$25,000
Peer median deductible
$25,000
Your premium
$31,500

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.

Carried by this accountNot carried

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 31-33 / $25M - $100M · n=368 · generated 2026-09-08