Colee Companies is based in Washington county in Minnesota. They operate in the Mining industry, specifically in Industrial Sand, which is a low risk industry. It is worth putting effort into risk management to be able to leave the Assigned Risk pool.
It looks like they just changed commercial insurance carriers. 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 1.350. A 1.350 LCM overall is a bit high, but check the market comparison below for more details. Their LCM has decreased -46% which is a good sign. They either shifted to a better carrier tier, or were placed with a better carrier.
An Experience Mod (MOD) is a rate applied to the business. It represents how risky the business is based on past claims. This business has a MOD of... You'll need to join... Which is an excellent rating no matter the industry, and should be able to shop aggressively. The rating based on their claims (MOD) increased by INF% which is not good. It is worth investigating why, and taking action to mitigate risks
This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to Colee Companies. This can give you an idea of what carriers might best fit your business.
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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