Sample engagement
One renewal, start to finish — with the reasoning left in.
This is Risk Rocket 365, the renewal method MetRisk Services runs for its clients, walked end to end on one account. Six steps, one for each stage of the method: the Risk Profile of the business and the gaps in its current program, the coverage spec signed before any broker is contacted, how the market was approached, every quote scored line by line, the recommendation — including the cheaper quote we argued against, with the math — and the work that continues between renewals.
About this sample
- Account
- Meridian Construction Partners, LLC
- Industry
- Commercial construction — GC
- Walkthrough
- 6 steps · about 5 minutes
Illustrative — stated once, here: Meridian Construction Partners, LLC is a sample account, not a client. Every figure that follows — premiums, limits, savings — is demonstration data. It shows the method, not a client result.
Step 01 of 06
The Risk Profile
Before anyone designs coverage, the advisor learns the business: how Meridian Construction Partners makes its money, where its crews work, what its contracts promise, what its current policies actually cover, and what five years of loss runs say. The Risk Profile is that picture, agreed with the client, and every line of the Blueprint in the next step traces back to it.
Reading the current policies against the business turned up three critical gaps: an umbrella at half what the contracts require, and no cyber or pollution cover at all. Nobody had checked in three years of automatic renewals.
Renovation work in pre-1980 buildings, and ground disturbance on new builds
Pollution is a real exposure, and nothing covers it today
Environmental $2M
Owner and GC contracts on the larger jobs call for more liability than the program carries
The $5M umbrella sits below what the contracts require
Umbrella $10M; blanket additional insured
Project, payroll and client data held in-house; subcontractor payments made by wire
A breach or a spoofed payment request is uninsured
Cyber $2M
Facade work using EIFS, and jobs on Florida soils
Exclusions for both are common, and either would remove cover for the work itself
No EIFS or subsidence exclusions
Crews working out of New York, New Jersey and Florida
Workers' comp has to respond in every state the crews are in
Statutory WC in all three states
The client's decisions: keep or transfer
The loss history is read here too. Five years of loss runs: what is driving the experience mod, which reserves are open and worth challenging, and what an underwriter will see before they price you. This sample shows no loss figures, because we don't invent them, even for a demonstration.
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