Insurance Xdate > Reports > NY > Gde Metering Servicess Llc
Commercial Insurance Overview
Gde Metering Servicess Llc is based in county in New York. They operate in the Manufacturing industry, specifically in Fluid Meters and Counting Devices, which is a low risk industry. 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 7 years, it may be wise to shop around. We have coverage data for them in a single state.
The LCM is the rate that is applied to a carrier, representing the risk covered by that carrier. The current carrier's LCM is 1.180. An LCM of 1.180 is pretty good. More details on how it compares can be seen below.
Premium Comparison
This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to Gde Metering Servicess Llc. This can give you an idea of what carriers might best fit your business.
$3.45$0.09
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$1.49 82568 Businesses 12039 | ||
$1.05 23% 64989 Businesses 12158 | ||
$1.02 49512 Businesses 4743 | ||
$1.49 14603 Businesses 1976 | ||
$1.01 29% 9341 Businesses 1010 | ||
$1.28 9120 Businesses 870 | ||
$1.04 9% 8567 Businesses 1100 | ||
$1.18 8125 Businesses 1456 | ||
$1.57 19% 7231 Businesses 396 | ||
$1.04 6368 Businesses 791 |
Market Comparison for Gde Metering Servicess Llc
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 in-line with peers, in the 41st percentile.
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 99th percentile at 19.2% 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