Worked examples
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Step 3 · Benchmark report
487210 — Scenic and Sightseeing Transportation, Water
Eighty-foot motor yacht, agreed value $2.85M, berthed in Fort Lauderdale, cruising Florida and the Bahamas. Owner uses her privately for part of the year and places her on crewed charter for the rest. Three permanent crew.
- Hull value band
- $1M - $5M
- Employees
- 3
- State
- FL
- Peer cohort
- 98 policies
Overall posture
Above peers
91st percentile on total premium
Peer-expected lines covered
4 of 4
Counting a packaged form as covering its parts
Total annual premium
$64,300
Peer median $32,555 (+$32K)
Gaps
1 critical
0 material, 1 advisory
Findings
2 gaps against the peer cohort
Ranked by severity. Each one names the peer statistic it rests on, so the recommendation can be argued with.
1 critical · 0 material · 1 advisory
- Critical
Vessel is chartered with no charter liability cover
Charter LiabilityThe stated use includes chartering, and the program has no charter liability cover. Pleasure-use yacht forms normally exclude liability arising while the vessel is under charter.
Recommendation
Add charter liability, or confirm in writing with the carrier that the current form responds to charter use. This is the exposure most likely to produce a denied claim on an otherwise well-built marine program.
Peer evidence
23% of the 98 peers in this cohort carry Charter Liability.
- Advisory
No marine pollution liability in place
Marine Pollution LiabilityThe program has no Marine Pollution Liability cover.
Recommendation
Put Marine Pollution Liability on the renewal agenda. Enough comparable accounts buy it that the decision should be a documented one rather than an omission.
Peer evidence
45% of the 98 peers in this cohort carry Marine Pollution 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
$64,300
4 of 5 lines · $8.99M in limits
1 critical, 0 material
Total annual premium as placed today
Proposed structure
$75,550
5 of 5 lines · $10.99M in limits
No critical or material gaps remaining
Closes 1 of 1 at peer-median limits
Annual difference
+$11,250
+$2M in limits · 1 more line
17.5% more 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 |
|---|---|---|---|---|
| Yacht Hull & Machinery | Unchanged | $2.85M$2.85M | $41,200$41,200 | $0 |
This program's $2,850,000 of Yacht Hull & Machinery is at or above the peer median of $1,500,000, at the 86th percentile of peers who carry it, so it is left as written. | ||||
| Protection & Indemnity | Unchanged | $5M$5M | $11,200$11,200 | $0 |
This program's $5,000,000 of Protection & Indemnity is at or above the peer median of $2,000,000, at the 82nd percentile of peers who carry it, so it is left as written. | ||||
| Crew Coverage | Unchanged | $1M$1M | $8,400$8,400 | $0 |
This program's $1,000,000 of Crew Coverage is at or above the peer median of $1,000,000, at the 39th percentile of peers who carry it, so it is left as written. | ||||
| Charter Liability | Add line | —$2M | —$11,250 | +$11,250 |
23% of the 98 peers in this cohort carry Charter Liability at a median limit of $2,000,000 for a median premium of $11,250; this program carries none. | ||||
| Tenders & Equipment | Unchanged | $145K$145K | $3,500$3,500 | $0 |
This program's $145,000 of Tenders & Equipment is at or above the peer median of $100,000, at the 94th 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 |
|---|---|---|---|---|---|---|
| marine | 100% | Yes | $2.85M | $1.5M | 86th | $41,200 |
| marine | 98% | Yes | $5M | $2M | 82nd | $11,200 |
| marine | 63% | Yes | $1M | $1M | 39th | $8,400 |
| marine | 23% | No | — | $2M | — | |
| marine | 51% | Yes | $145K | $100K | 94th | $3,500 |
| marine | 45% | No | — | $1M | — |
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
Charter Liability
Liability arising while the vessel is chartered, which most pleasure forms exclude.
Limit against peers
Premium against peers
- Peers carrying
- 23%
- Your deductible
- —
- Peer median deductible
- —
- Your premium
- —
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 487210 / $1M - $5M / FL · n=98 · generated 2026-09-08