Commercial Insurance Overview
Skuvault Inc is based in Fairfield county in Connecticut. They operate in the Services industry, specifically in Management Services, 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 their current carrier for only one year, they are either a new company, or a new listing in our database. We see commercial coverage for them in 14 states including Arizona, Connecticut, Florida, Georgia, Illinois, Kentucky, Louisiana, North Carolina, Nevada, New York, South Carolina, Tennessee, Texas, Virginia.
The LCM is the rate that is applied to a carrier, representing the risk covered by that carrier. The current carrier's LCM is 1.142. An LCM of 1.142 is pretty good. More details on how it compares can be seen below.
Premium Comparison
This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to Skuvault Inc. This can give you an idea of what carriers might best fit your business.
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Erie Ins Grp Pol Rate: 1.50 Med. LCM: 1.50 | $1.50 32117 Businesses 2242 | |
Berkshire Hathaway Grp Pol Rate: 2.20 Med. LCM: 2.20 | $2.20 25207 Businesses 6534 | |
Hartford Fire & Cas Grp Pol Rate: 1.91 Med. LCM: 1.91 | $1.91 87% 22158 Businesses 2305 | |
Travelers Grp Pol Rate: 1.32 Med. LCM: 1.32 | $1.32 14924 Businesses 1409 | |
Amtrust Ngh Grp Pol Rate: 1.85 Med. LCM: 1.85 | $1.85 13877 Businesses 1630 | |
State Farm Grp Pol Rate: 2.09 Med. LCM: 2.09 | $2.09 5438 Businesses 624 | |
Selective Ins Grp Pol Rate: 3.03 Med. LCM: 3.03 | $3.03 5406 Businesses 336 | |
Markel Corp Grp Pol Rate: 2.06 Med. LCM: 2.06 | $2.06 2% 5380 Businesses 375 | |
Proassurance Corp Grp Pol Rate: 1.65 Med. LCM: 1.65 | $1.65 5258 Businesses 382 | |
Liberty Mut Grp Pol Rate: 1.56 Med. LCM: 1.56 | $1.56 25% 4667 Businesses 343 | |
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Calculate Premium Estimates
Enter 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.
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Market Comparison for Skuvault Inc
These are points that might help guide an agent as they look to approach a prospect.
- A break in policy terms may indicate inconsistent work load which can result in substandard employment.
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 Very Good, in the 31st percentile compared to peers.
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.
- 14% of peers have changed carriers since last year.
- Current Carrier's market share is in the 50th percentile at 1.2% of the market.
Business Owners
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Agents
Our market intelligence, prospecting database, and software can streamline your new business process. This listings contains:
Policy Renewal Date
Current Carrier
Policy Number
Class Code
SIC Code
NAICS Code
LCM
Multiple Locations
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Carrier Tenure
Revenue
Employees
Contact Email
Contact Phone
Linkedin
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Benefits
Loss Cost
FEIN
Coverage History
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
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