Trinity Transport Inc

317 GREEN NEEDLES RD
LEXINGTON, NC 27295


Commercial Insurance Overview

Trinity Transport Inc is based in Davidson county in North Carolina. They operate in the Transportation/Utilities industry, specifically in Freight Transportation Arrangement, 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. It looks like they just changed commercial insurance carriers. We see commercial coverage for them in 2 states including North Carolina, South Carolina.

The LCM is the rate that is applied to a carrier, representing the risk covered by that carrier. The current carrier's LCM is 0.753. An LCM of 0.753 is pretty good. More details on how it compares can be seen below. Their LCM has decreased -69% which is a good sign. They either shifted to a better carrier tier, or were placed with a better carrier.

Premium Comparison

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

$3.85$0.75
Erie Ins Grp
$1.50
$1.04$2.30
Berkshire Hathaway Grp
$2.20
$1.20$2.08
Hartford Fire & Cas Grp
$1.91
$0.83$3.56
Travelers Grp
$1.32
$0.85$3.85
Amtrust Ngh Grp
$1.85
$1.00$2.30
State Farm Grp
$2.09
$1.14$2.10
Selective Ins Grp
$3.03
$1.10$3.43
Markel Corp Grp
$2.06
$1.40$2.39
Proassurance Corp Grp
$1.65
$1.00$1.73
Liberty Mut Grp
$1.56
$0.75$3.20

Market Comparison for Trinity Transport Inc

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 1st percentile compared to peers.
  • In the last year, LCM Decreased by 69%. While peers Increased an average of 1%.
Good

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.

  • 9% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 50th percentile at 1.9% of the market.
Needs Attention

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Policy Renewal Date
Current Carrier
Policy Number
SIC Code
NAICS Code
LCM
Multiple Locations
Multi State
Carrier Tenure
Revenue
Employees
Contact Email
Contact Phone
Website
OSHA
Benefits
DOT
FEIN
Coverage History


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