Insurance Xdate > Reports > IL > Jdb Investment Group Llc Dba Hotel B
Commercial Insurance Overview
Jdb Investment Group Llc Dba Hotel B is based in Kane county in Illinois. They operate in the Services industry, specifically in Hotels and Motels, which is a low risk industry. It is worth putting effort into risk management to be able to leave the Assigned Risk pool.
Having been with the same worker's comp carrier for 8 years, it may be wise to shop around. 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 1.800. A 1.800 LCM overall is a bit high, but check the market comparison below for more details. Their LCM has decreased -10% which is a good sign. They either shifted to a better carrier tier, or were placed with a better carrier.
We know the Standard Premium for this company. You can see how it compares to similar businesses in the Market Comparison. The premium paid has decreased by -39%, does this mean payroll is decreasing or are they managing their risk better?
Premium Comparison
This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to Jdb Investment Group Llc Dba Hotel B. This can give you an idea of what carriers might best fit your business.
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$3.85$0.75
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| $1.50 32117 Businesses 2242 | ||
| $2.20 25207 Businesses 6534 | ||
| $1.91 87% 22158 Businesses 2305 | ||
| $1.32 14924 Businesses 1409 | ||
| $1.85 13877 Businesses 1630 | ||
| $2.09 5438 Businesses 624 | ||
| $3.03 5406 Businesses 336 | ||
| $2.06 2% 5380 Businesses 375 | ||
| $1.65 5258 Businesses 382 | ||
| $1.56 25% 4667 Businesses 343 |
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Calculate Premium EstimatesEnter the State, Mod, and Payroll for each employee class to get premium estimates from the top carriers writing that class of business Carriers are sorted by number of accounts in that class of business. |
Market Comparison for Jdb Investment Group Llc Dba Hotel B
For the Agent
These are points that might help guide an agent as they look to approach a prospect.
- Premium decrease and carrier tier change may indicate competitive situation and incumbent prevailed.
Premium
Worker's Comp premium is based on two key factors - the LCM your carrier has filed to use, and the total payroll you run over the policy term, which is multiplied by the rate to determine premium. Comparing premium to businesses in the same industry and of similar size can indicate how fair your WC insurance provider's costs are relative to the market.
- Premium is Higher than 96% of peers.
- In the last year, premium Decreased by 39%. While peers Increased an average of 3%.
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 Higher than 68% of peers.
- Shopping around for a carrier that would provide a more competitive tier would make sense.
- In the last year, LCM Decreased by 10%. While peers Increased an average of 4%.
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.
- 17% of peers have changed carriers since last year.
- Current Carrier's market share is in the 50th percentile at 1.1% of the market.
Business Owners
- We don't sell insurance. Our market intelligence allows us to find the ideal commercial insurance partner.
- Try our 100% free premium estimate tool to compare coverage options.
- Get a Quote from a real agent, guided by our market insights.
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