MetRisk Services — Commercial Insurance & Risk Management
Book a call

Lost a bid on your mod

You lost the bid before you priced it. Your experience mod did that — here's what's in it and what moves it.

GC and owner prequalification pulls your experience modification rate independently. Above a threshold — often 1.0, sometimes lower — you are removed from consideration before anyone reads your number. Nobody sends a letter when it happens.

Book a 15-minute call 347.252.6150Have your mod, or the worksheet, in front of you.

Before the next bid cycle, three moves

Stop treating the number as weather.

In this order. The mod is arithmetic on a worksheet most contractors have never seen; the first two moves are about seeing it. The third is about next year's number, which is already being written.

Now — pull the experience rating worksheet, not the number.

From the rating bureau — NCCI, or your state's bureau where it has its own. The worksheet lists every claim in the window, the value it was rated at, the date it was valued, and the payroll it is measured against. Your mod is a calculation on that sheet; an error on the sheet is an error in your mod.

This week — check every line against your own claims record.

Claims filed under the wrong ID. Closed claims still carrying an open reserve at the valuation date. Claims that should have been reduced by a recovery and weren't. Each is a line, and each line is correctable — before the rating date cleanly, after it with more effort.

Before the next bid cycle — know the trajectory, not the value.

Which claims fall out of the window next year. What this year's claims will add when they enter it. Whether the number you'll be prequalified on in twelve months is better or worse than today's — and which of the things that decide it are still open.

The part nobody explains

What most contractors don't know

The mod is a lookback with a lag: the number you carry today is built from claims that happened roughly one to four years ago, and the claim you are managing right now enters the calculation next year and stays in it for three. That lag is why the mod feels like weather. It is also why it isn't — the inputs to next year's number are being set now.

The formula weighs frequency more heavily than severity. Several small claims can cost you more in the mod than one large one. That is a deliberate design: it rewards the things that keep a claim from being filed at all — first-aid handling, return-to-work, reporting discipline — more than anything that happens once a claim is open.

Prequalification is a filter, not a negotiation. There is no meeting in which you explain the mod. The only lever is the number itself, and the number is set by a worksheet that is yours to read and yours to correct.

What actually happens

Here's what happens when the worksheet gets read

01

Every line gets checked against your own record.

Claim by claim, valuation by valuation, ID by ID.

02

Errors get filed for correction. The rest gets a plan.

What's wrong is corrected; what's real is managed toward the date it leaves the window.

03

You know next year's number before the GC does.

Which is the only moment the mod is something you decide rather than something you receive.

Looking costs you nothing, and nobody finds out.

We work only from documents you already have. Your broker and your carriers are never contacted, and the analysis is free — the fee, when there is one, is a flat fee quoted plainly in the first conversation.

Private by default

  • Nothing is shared with your broker or your carrier. Ever.
  • No changes to your program. Looking is not switching.
  • You decide who sees the findings — including whether we ever speak again.

You know what your mod is. You don't know what's in it.

Bring the worksheet — or just the number — to a 15-minute review: what's driving it, what on it is correctable, and what it does to next year's bids.

Michael Stoop
Book a 15-minute call

Fifteen minutes with Michael Stoop, our founder. Nothing to prepare — bring the question you can't get a straight answer to.

Pick a time Get a free policy review

Or call us now — 347.252.6150

Not ready for a conversation?

Wrong time of year?

Tell us the date your program renews and we'll follow up with you 120 days before it — the point where there is still time to run a real process.

Take the blind-spot check

Ten questions about your own program, answered from memory in ninety seconds. Nothing uploads.

Get one policy reviewed, free

Send the policy you are least sure about. We read it against how you operate and send back the three findings with the most at stake, each tied to its page.

Run your own loss pick

Premium and losses in, your ratio against the 50% line out — one year is enough. Nothing is submitted to anyone.

Walk a full engagement

A sample account, start to finish — the blueprint, the gaps, the scored quotes, the decision. Judge the work before the pitch.

  • Flat annual fee — never a percentage of your premium
  • Broker commission disclosed on every quote, in writing
  • No contingency payments, overrides, or profit-sharing