Insurance Xdate > Reports > CT > Stephanie Rapp Interiors Llc
Commercial Insurance Overview
Stephanie Rapp Interiors Llc is based in Fairfield county in Connecticut. They operate in the Services industry, specifically in Business Services Nec, 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 1.000. An LCM of 1.000 is pretty good. More details on how it compares can be seen below. The (LCM) that they are with increased by 22% which is a significant shift. It is worth investigating why.
Premium Comparison
This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to Stephanie Rapp Interiors Llc. This can give you an idea of what carriers might best fit your business.
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$8.94$1.67
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|---|---|---|
| $2.90 42% 162 Businesses 32 | ||
| $4.46 30% 104 Businesses 23 | ||
| $3.84 12% 79 Businesses 29 | ||
| $2.90 24% 59 Businesses 17 | ||
| $3.26 55 Businesses 9 | ||
| $2.26 13% 52 Businesses 20 | ||
| $3.14 28% 52 Businesses 11 | ||
| $3.26 47 Businesses 5 | ||
| $3.37 39 Businesses | ||
| $3.47 66% 38 Businesses |
Market Comparison for Stephanie Rapp Interiors 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 20th percentile compared to peers.
- In the last year, LCM Increased by 22%. While peers Increased an average of 11%.
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 75th percentile at 5.2% 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