River City Bank is based in Sacramento county in California. They operate in the Services 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 their current carrier for only one year, they are either a new company, or a new listing in our database. We see commercial coverage for them in 5 states including Alabama, California, Connecticut, Georgia, Texas.
The LCM is the rate that is applied to a carrier, representing the risk covered by that carrier. The current carrier's LCM is 1.768. A 1.768 LCM overall is a bit high, but check the market comparison below for more details.
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 a little high, but really depends on the type of business.
This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to River City Bank. 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.
These are points that might help guide an agent as they look to approach a prospect.
Mod is an indication of how risky a company is to insure. It is based on a company's claim history.
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.
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.
Our market intelligence, prospecting database, and software can streamline your new business process. This listings contains: Policy Renewal DateCurrent CarrierClass CodeSIC CodeNAICS CodeEx MODLCMMultiple LocationsMulti StateCarrier TenureRevenueEmployeesContact EmailContact PhoneBenefitsFEINCoverage History
Our data provides an unparalleled view into the commercial insurance market across the US. Examples include:
We will utilize our unique insights into the business insurance market to find up to three appropriate carriers and agents, and will put them in contact with you to provide a quote.
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