Insurance Xdate > Reports > NC > Pfme L L C
Commercial Insurance Overview
Pfme L L C is based in Mecklenburg county in North Carolina. They operate in the Wholesale industry, specifically in Industrial Machinery and Equipment, 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.
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
Premium Comparison
This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to Pfme L L C. This can give you an idea of what carriers might best fit your business.
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$4.02$0.75
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|---|---|---|
| $1.92 25% 43915 Businesses 9342 | ||
| $1.39 28622 Businesses 8134 | ||
| $1.29 5% 27806 Businesses 13289 | ||
| $2.47 166% 26720 Businesses 6510 | ||
| $1.18 16% 23389 Businesses 13176 | ||
| $1.53 28% 19025 Businesses 5189 | ||
| $1.46 15956 Businesses 3165 | ||
| $0.75 15735 Businesses 4892 | ||
| $1.12 51% 13296 Businesses 1920 | ||
| $1.35 12443 Businesses 2792 |
Market Comparison for Pfme L L C
Experience Mod Rating
Mod is an indication of how risky a company is to insure. It is based on a company's claim history.
- Experience Mod is in-line with peers, in the 68th percentile.
- Mod increased by more than 75% of peers.
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 Very Good, in the 29th percentile compared to peers.
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.
- 10% of peers have changed carriers since last year.
- Current Carrier's market share is in the 25th percentile at 0.2% of the market.
Business Owners
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Agents
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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