The Stakes: A leasing company for construction trailers expected a Mod of 0.90 based on their safety record. But when the official worksheet arrived from the Rating Bureau, the Mod was set at 0.97—a costly difference.
The Investigation: Most agents accept the Bureau’s math as gospel. The CWCA reviewed the worksheet line-by-line.
The Breakthrough: They found a simple but devastating clerical error. A data input clerk at the Bureau had transposed a number, entering the “Actual Incurred Loss” as $84,014 instead of the correct $44,014. That typo was costing the client thousands.
The Result: The Advisor contacted the Bureau, which confirmed the error and issued a revised worksheet. The Mod dropped to the correct 0.90, saving the client $8,851.