Insurance Xdate > Reports > NH > Art Payroll
Commercial Insurance Overview
Art Payroll is based in Carroll county in New Hampshire. They operate in the Services industry, specifically in Radio Broadcasting Stations, 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 26 states including Alabama, Arizona, Colorado, Connecticut, Florida, Georgia, Idaho, Illinois, Kentucky, Maryland, Maine, Minnesota, Missouri, North Carolina, Nebraska, New Hampshire, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Vermont.
The LCM is the rate that is applied to a carrier, representing the risk covered by that carrier. The current carrier's LCM is 1.578. A 1.578 LCM overall is a bit high, but check the market comparison below for more details.
Premium Comparison
This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to Art Payroll. This can give you an idea of what carriers might best fit your business.
$1.58$0.76
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$1.22 1% 11 Businesses 1 | ||
$1.46 24% 9 Businesses 2 | ||
$1.17 2% 6 Businesses 2 | ||
$1.03 10% 4 Businesses | ||
$1.00 13% 3 Businesses 1 | ||
$0.80 3 Businesses 1 | ||
$1.22 19% 3 Businesses 1 | ||
$1.20 3 Businesses | ||
$1.17 2 Businesses | ||
$1.16 5% 2 Businesses 2 |
Market Comparison for Art Payroll
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 89% of peers.
- Shopping around for a carrier that would provide a more competitive tier would make sense.
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.
- 8% of peers have changed carriers since last year.
- Current Carrier's market share is in the 1st percentile at 1.9% 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