Northern Marine Llc

724 RAILROAD ST
JOLIET, IL 60436


Commercial Insurance Overview

Northern Marine Llc is based in Will county in Illinois. They operate in the Transportation/Utilities industry, specifically in Steamship Line or Agency Port Employees Superintendents Captains Engineers Stewards or Their Assistants Pay Clerks, 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 2 years. 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 1.526. A 1.526 LCM overall is a bit high, but check the market comparison below for more details. Their LCM has decreased -28% which is a good sign. They either shifted to a better carrier tier, or were placed with a better carrier.

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 19%. 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 Northern Marine 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

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Policy Renewal Date
Current Agent
Current Carrier
Policy Number
Class Code
Premium
LCM
Multi State
Carrier Tenure
Employees
Contact Phone
Benefits
Loss Cost
FEIN
Coverage History


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Carriers & Underwriters

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  • Competitive Account Won/Loss
  • Competitive Class distribution
  • Appetite Analysis
  • Market Share Analysis

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