Mends Group Ltd is based in Queens county in New York. They operate in the Manufacturing industry, specifically in Explosives, 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 2 states including Georgia, New York.
The LCM is the rate that is applied to a carrier, representing the risk covered by that carrier. The current carrier's LCM is 1.410. A 1.410 LCM overall is a bit high, but check the market comparison below for more details. The (LCM) that they are with increased by 10% which is a significant shift. It is worth investigating why.
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 rather good, no matter what type of business. The rating based on their claims (MOD) increased by 23% which is not good. It is worth investigating why, and taking action to mitigate risks
This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to Mends Group Ltd. This can give you an idea of what carriers might best fit your business.
Enter 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.
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