Insurance Xdate > Reports > SD > Dakota Prairie Holidays Llc
Commercial Insurance Overview
Dakota Prairie Holidays Llc is based in Brule county in South Dakota. They operate in the Services industry, specifically in Trailer Parks and Campsites, which is a low risk industry. 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.
The LCM is the rate that is applied to a carrier, representing the risk covered by that carrier. The current carrier's LCM is 1.270. A 1.270 LCM overall is a bit high, but check the market comparison below for more details. Their LCM has decreased -25% which is a good sign. They either shifted to a better carrier tier, or were placed with a better carrier.
Premium Comparison
This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to Dakota Prairie Holidays Llc. This can give you an idea of what carriers might best fit your business.
$4.21$0.65
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$1.70 2065 Businesses 1240 | ||
$1.73 1037 Businesses 575 | ||
$1.26 811 Businesses | ||
$4.21 117% 769 Businesses 365 | ||
$1.67 11% 760 Businesses 358 | ||
$1.67 743 Businesses 450 | ||
$1.89 33% 527 Businesses 332 | ||
$1.74 450 Businesses | ||
$1.85 411 Businesses 246 | ||
$1.70 356 Businesses 218 |
Market Comparison for Dakota Prairie Holidays Llc
For the Agent
These are points that might help guide an agent as they look to approach a prospect.
- A break in policy terms may indicate inconsistent work load which can result in substandard employment.
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 Very Good, in the 13th percentile compared to peers.
- In the last year, LCM Decreased by 25%. While peers Increased an average of 3%.
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.
- 6% of peers have changed carriers since last year.
- Current Carrier's market share is in the 1st percentile at 3.1% 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