Tools

RWH Myers Tools

Business Interruption Values Benchmarking

Here's how it works: Benchmark averages are established using data from government sources including the Internal Revenue Service, the Bureau of Economic Analysis, the Department of Commerce, Census Department and the Department of Labor. This data covers P&L and employment information for over 14 million businesses. These 14 million businesses are represented by 1,140 NAICS codes. Enter the net sales and then your industry's NAICS Code. To find your industry's code click on the browse button below and use the drop down menus to find the appropriate industry code. Then click "Generate BI Benchmark Report" to receive your benchmarked results.

Our BI Benchmark tool is designed to provide an average business interruption value for your industry and sales level. You can use this information to compare your value calculations to industry averages. All you need to get started are your annual net sales and your industry's North American Industrial Coding System (NAICS) identification number. Best of all, it's free.

Disclaimer

Sigma7 RWH Myers does not provide any warranties for use of this benchmark tool. Use of this freely-available tool is at the risk of the individual user and Sigma7 RWH Myers retains no responsibility or liability based upon its use.

Gross Earnings Versus Gross Profit

Gross Earnings (GE) versus Gross Profit (GP) - it's important to understand the difference. In essence, it's production versus sales but the implications of choosing one over the other can dramatically affect the outcome of your claim. So how do you choose? We can help.

BIV Grade

What's Your Business Interruption Grade?

Policyholders Only

If you are responsible for your company’s Business Interruption Values (BIV) reporting, we have a special offer for you! BIV measurement and reporting is possibly the most misunderstood data requirement of all lines of coverage. We hear it from brokers and policyholders across the country. It’s a concern for many and now you can find out how your values stack up. We have a simple and effective way to score your current values and provide some clarity on how they can be improved.

Here’s what you will need to get your BIV grade:

Annual Net Sales
NAICS code (we can do this for you)
Your current Rateable Value
Complete the BIV questionnaire

Why Grade Your Values?

Rateable Value (RV) is the insurance industry’s gross measurement of BI value at risk, which represents 12-months of company-wide BI value. RV serves as a starting point for determining true BI exposure. It is important to start with the right value, but RV alone does not take into account the industry, operational model, mitigation strategies, business continuity plans or incident response plans which all play a role in understanding the exposure, all of which should be reflected in the rating on the RV.

So let’s start at the beginning and see how your RV measures up against our calculations for your industry segment.

About the BIV Questionnaire

Just like any process, the best results are dependent on the proper steps and procedures. If your methodology is correct, your grade will reflect it. If not, you'll learn what you're doing wrong or what's missing from your process.

Along with your BIV Grade, we'll make recommendations for your organization to improve both your process and your BIV for your next renewal.

Click here to schedule your review or complete the questionnaire above and we'll contact you to schedule a consultation.

Free BIV Grade!

We're here to help policyholders optimize business interruption coverage. You can fill out this form and we'll contact you or click the links to the right.

Request BIV Grade

Contact Sigma7 RWH Myers

For a no-obligation consultation with a Sigma7 RWH Myers please complete this form and we will contact you to arrange an introductory web meeting or feel free to contact one of our offices directly. Thank you for your interest in RWH Myers & Company!

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