Simchem Inc is based in Orange county in North Carolina. They operate in the Manufacturing industry, specifically in Wet Corn Milling, 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 7 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 1.690. A 1.690 LCM overall is a bit high, but check the market comparison below for more details. The (LCM) that they are with increased by 10% which is a significant shift. It is worth investigating why.
This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to Simchem Inc. 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.
Our market intelligence, prospecting database, and software can streamline your new business process. This listings contains: Policy Renewal DateCurrent CarrierPolicy NumberSIC CodeLCMMulti StateCarrier TenureRevenueEmployeesContact PhoneCoverage History
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We will utilize our unique insights into the business insurance market to find up to three appropriate carriers and agents, and will put them in contact with you to provide a quote.
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