Insurance Xdate > Reports > NC > Renuva Plastics Llc

Commercial Insurance Overview

Renuva Plastics Llc is based in New Hanover county in North Carolina. They operate in the Manufacturing industry, specifically in Organic Fibers Noncellulo, which is a low risk industry. The business is in a Professional Employer Organization (PEO), which offers coverage to a pool of businesses to manage risk. These are often offered by HR companies. It is worth putting effort into risk management to be able to leave the Assigned Risk pool.

The business is in a PEO, often offered by HR and Payroll companies. They have been with the same worker's comp carrier for the last 3 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 2.560. A 2.560 LCM overall is a bit high, but check the market comparison below for more details. The (LCM) that they are with increased by 55% which is a significant shift. It is worth investigating why.

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 rather good, no matter what type of business. 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

Premium Comparison

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