Union Empire Industries Usa Inc is based in Somerset county in New Jersey. They operate in the Finance/Ins/RE industry, specifically in Metal Sanitary Ware, which is a low risk industry. The business is in the Assigned Risk pool, which means they are (or were) a high risk business. 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 8 years, it may be wise to shop around. We have coverage data for them in a single state.
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This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to Union Empire Industries Usa Inc. This can give you an idea of what carriers might best fit your business.
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Worker's Comp premium is based on two key factors - the LCM your carrier has filed to use, and the total payroll you run over the policy term, which is multiplied by the rate to determine premium. Comparing premium to businesses in the same industry and of similar size can indicate how fair your WC insurance provider's costs are relative to the market.
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.
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