Insurance Xdate > Reports > CA > Immaculate Masonry
Commercial Insurance Overview
Immaculate Masonry is based in Riverside county in California. They operate in the Construction industry, specifically in Masonry and Other Stonework, which is a low risk industry. It is worth putting effort into risk management to be able to leave the Assigned Risk pool.
They have been with the same worker's comp carrier for the last 2 years. We have coverage data for them in a single state.
The LCM is the rate that is applied to a carrier, representing the risk covered by that carrier. The current carrier's LCM is 1.756. A 1.756 LCM overall is a bit high, but check the market comparison below for more details.
Premium Comparison
This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to Immaculate Masonry. This can give you an idea of what carriers might best fit your business.
$3.49$0.09
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$1.49 81676 Businesses 11338 | ||
$1.05 23% 64808 Businesses 11736 | ||
$1.02 48838 Businesses 4315 | ||
$1.49 14416 Businesses 1856 | ||
$1.01 29% 9128 Businesses 838 | ||
$1.28 9015 Businesses 796 | ||
$1.04 9% 8462 Businesses 1011 | ||
$1.18 8067 Businesses 1349 | ||
$1.32 7125 Businesses 348 | ||
$1.04 6232 Businesses 760 |
Market Comparison for Immaculate Masonry
LCM Rate
LCMs have the largest effect on your WC costs. Carriers file LCM's which are multiplied with the state approved Loss Costs for your employment classifications to create your policy rates. Carrier Groups have several Carrier Tier's each with their own filing, allowing their underwriters to price aggressively to overly prudent depending on the risk.
- The LCM of the Current Carrier is in-line with peers, in the 37th percentile.
Market Competitiveness
We measure relative change (when a business chooses a different WC provider), and market share distribution over a rolling 24 months as compared to it's industry and state level activity to determine how competitive carriers are for your class of business.
- 37% of peers have changed carriers since last year. This might indicate carriers are competing aggresively for similar businesses to cover.
- Of the 37% of peers who changed carriers, This might indicate carriers are competing aggresively for similar businesses to cover.
- Current Carrier's market share is in the 95th percentile at 10.5% of the market.
Business Owners
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Agents
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Carriers & Underwriters
Our data provides an unparalleled view into the commercial insurance market across the US. Examples include:
- Competitive Account Won/Loss
- Competitive Class distribution
- Appetite Analysis
- Market Share Analysis