Insurance Xdate > Reports > VT > National Life Holding Company Inc
Commercial Insurance Overview
National Life Holding Company Inc is based in Washington county in Vermont. They operate in the Finance/Ins/RE industry, specifically in Holding Companies Nec, 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 4 years. We see commercial coverage for them in 25 states including Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Kansas, Kentucky, Maryland, Maine, Minnesota, Missouri, North Carolina, Nebraska, New Hampshire, Nevada, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Vermont.
We know the Standard Premium for this company. You can see how it compares to similar businesses in the Market Comparison. The premium paid has increased by 15%. Relevant questions to ask are has payroll increased or have claims increased?
Premium Comparison
This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to National Life Holding Company Inc. This can give you an idea of what carriers might best fit your business.
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Erie Ins Grp Pol Rate: 1.50 Med. LCM: 1.50 | $1.50 32117 Businesses 2242 | |
Berkshire Hathaway Grp Pol Rate: 2.20 Med. LCM: 2.20 | $2.20 25207 Businesses 6534 | |
Hartford Fire & Cas Grp Pol Rate: 1.91 Med. LCM: 1.91 | $1.91 87% 22158 Businesses 2305 | |
Travelers Grp Pol Rate: 1.32 Med. LCM: 1.32 | $1.32 14924 Businesses 1409 | |
Amtrust Ngh Grp Pol Rate: 1.85 Med. LCM: 1.85 | $1.85 13877 Businesses 1630 | |
State Farm Grp Pol Rate: 2.09 Med. LCM: 2.09 | $2.09 5438 Businesses 624 | |
Selective Ins Grp Pol Rate: 3.03 Med. LCM: 3.03 | $3.03 5406 Businesses 336 | |
Markel Corp Grp Pol Rate: 2.06 Med. LCM: 2.06 | $2.06 2% 5380 Businesses 375 | |
Proassurance Corp Grp Pol Rate: 1.65 Med. LCM: 1.65 | $1.65 5258 Businesses 382 | |
Liberty Mut Grp Pol Rate: 1.56 Med. LCM: 1.56 | $1.56 25% 4667 Businesses 343 | |
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Payroll
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Total Payroll:
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Calculate Premium Estimates
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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Market Comparison for National Life Holding Company Inc
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 Higher than 94% of peers.
- In the last year, premium Increased by 15%. While peers Increased an average of 14%.
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. Those who did, saw a 29% decrease in premium vs those who stayed with their current provider had a 16.9% increase.
- Current Carrier's market share is in the 50th percentile at 8% of the market.
Business Owners
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Agents
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Policy Renewal Date
Current Agent
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Policy Number
Class Code
SIC Code
NAICS Code
Premium
Multiple Locations
Multi State
Carrier Tenure
Revenue
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Benefits
Loss Cost
Coverage History
Carriers & Underwriters
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