Insurance Xdate > Reports > MO > Three Dog Bakery, Llc


Commercial Insurance Overview

Three Dog Bakery, Llc is based in Jackson county in Missouri. They operate in the Manufacturing industry, specifically in Dog and Cat Food, 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 see commercial coverage for them in 7 states including Arizona, Connecticut, Kansas, Maryland, Missouri, Pennsylvania, Texas.

The LCM is the rate that is applied to a carrier, representing the risk covered by that carrier. The current carrier's LCM is 1.665. A 1.665 LCM overall is a bit high, but check the market comparison below for more details. The (LCM) that they are with increased by 35% which is a significant shift. It is worth investigating why.

Premium Comparison

This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to Three Dog Bakery, Llc. This can give you an idea of what carriers might best fit your business.

$3.85$0.75
Erie Ins Grp
$1.50
$1.04$2.30
Berkshire Hathaway Grp
$2.20
$1.20$2.08
Hartford Fire & Cas Grp
$1.91
$0.83$3.56
Travelers Grp
$1.32
$0.85$3.85
Amtrust Ngh Grp
$1.85
$1.00$2.30
State Farm Grp
$2.09
$1.14$2.10
Selective Ins Grp
$3.03
$1.10$3.43
Markel Corp Grp
$2.06
$1.40$2.39
Proassurance Corp Grp
$1.65
$1.00$1.73
Liberty Mut Grp
$1.56
$0.75$3.20

Market Comparison for Three Dog Bakery, Llc

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 72% of peers.
  • Shopping around for a carrier that would provide a more competitive tier would make sense.
  • In the last year, LCM Increased by 35%. While peers Increased an average of 7%.
Needs Attention

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.

  • 55% of peers have changed carriers since last year. This might indicate carriers are competing aggresively for similar businesses to cover.
  • Of the 55% of peers who changed carriers, 19.7% decreased their LCM vs those who stayed with their current provider who saw a 17.7% increase. This might indicate carriers are competing aggresively for similar businesses to cover.
  • Current Carrier's market share is in the 1st percentile at 9.1% of the market.
Needs Attention

Business Owners

  1. We don't sell insurance. Our market intelligence allows us to find the ideal commercial insurance partner.
  2. Try our 100% free premium estimate tool to compare coverage options.
  3. Get a Quote from a real agent, guided by our market insights.

Premium Estimate

Agents

Our market intelligence, prospecting database, and software can streamline your new business process. This listings contains:

Policy Renewal Date
Current Carrier
Policy Number
SIC Code
NAICS Code
LCM
Multiple Locations
Multi State
Carrier Tenure
Revenue
Employees
Contact Email
Contact Phone
Linkedin
Website
Benefits
DOT
FEIN
Coverage History


Free Trial

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