Insurance Xdate > Reports > NJ > Desirable Woodworking Llc
Commercial Insurance Overview
Desirable Woodworking Llc is based in Sussex county in New Jersey. They operate in the Manufacturing industry, specifically in Carpentry Work, 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.
It looks like they just changed commercial insurance carriers. We have coverage data for them in a single state.
We know the Standard Premium for this company. You can see how it compares to similar businesses in the Market Comparison.
Premium Comparison
This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to Desirable Woodworking Llc. This can give you an idea of what carriers might best fit your business.
$9.66$7.25
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$7.25 1 Businesses | ||
$9.66 12% 1 Businesses |
Market Comparison for Desirable Woodworking Llc
Premium
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.
- Premium is Very Good, in the 20th 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.
- 14% of peers have changed carriers since last year.
- Current Carrier's market share is in the 95th percentile at 13% of the market.
Business Owners
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