Insurance Xdate > Reports > NJ > Borealis Compounds Inc
Commercial Insurance Overview
Borealis Compounds Inc is based in Warren county in New Jersey. They operate in the Manufacturing industry, specifically in Custom Compound Purchased Resins, 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 3 years. We see commercial coverage for them in 10 states including Alabama, Colorado, Florida, Georgia, Illinois, Kansas, North Carolina, New Jersey, South Carolina, Texas.
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.
Premium Comparison
This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to Borealis Compounds Inc. This can give you an idea of what carriers might best fit your business.
$3.85$0.75
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$1.50 32117 Businesses 2242 | ||
$2.20 25207 Businesses 6534 | ||
$1.91 87% 22158 Businesses 2305 | ||
$1.32 14924 Businesses 1409 | ||
$1.85 13877 Businesses 1630 | ||
$2.09 5438 Businesses 624 | ||
$3.03 5406 Businesses 336 | ||
$2.06 2% 5380 Businesses 375 | ||
$1.65 5258 Businesses 382 | ||
$1.56 25% 4667 Businesses 343 |
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Calculate Premium EstimatesEnter 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. |
Market Comparison for Borealis Compounds Inc
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 29th percentile.
- There was a recent mod decrease.
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.
- 27% of peers have changed carriers since last year. This might indicate carriers are competing aggresively for similar businesses to cover.
- Of the 27% of peers who changed carriers, This might indicate carriers are competing aggresively for similar businesses to cover.
- Current Carrier's market share is in the 95th percentile at 20% of the market.
Business Owners
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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