Insurance Xdate > Reports > SC > Savannah River Nuclear Solutions, Llc


Commercial Insurance Overview

Savannah River Nuclear Solutions, Llc is based in Aiken county in South Carolina. They operate in the Public Admin industry, specifically in Management Consulting Services, 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 9 years, it may be wise to shop around. We see commercial coverage for them in 7 states including Florida, Georgia, North Carolina, New Hampshire, New York, South Carolina, Tennessee.

The LCM is the rate that is applied to a carrier, representing the risk covered by that carrier. The current carrier's LCM is 1.446. A 1.446 LCM overall is a bit high, but check the market comparison below for more details.

Premium Comparison

This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to Savannah River Nuclear Solutions, Llc. 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 Savannah River Nuclear Solutions, 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 48th percentile.
  • In the last year, LCM Increased by 0%. While peers Increased an average of 4%.
Average

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.

  • 18% of peers have changed carriers since last year.
  • Of those who changed carriers, 0.3% decreased their LCM vs those who stayed with their current provider who saw a 5.5% increase.
  • Current Carrier's market share is in the 75th percentile at 3.9% of the market.
Average

Business Owners

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Carriers & Underwriters

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