I ZARA INC

7756 S HARLEM AVE
BRIDGEVIEW, IL 60455

Talking Points

Premium

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 Very Good, in the 23rd percentile compared to peers.
  • In the last year, premium Decreased by 23%. While peers Increased an average of 2%.
Good

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.

  • 10% of peers have changed carriers since last year. Those who did, saw a 10.2% decrease in premium vs those who stayed with their current provider had a 3.6% increase, roughly 3x those who stayed with their current provider.
  • Current Carrier's market share is in the 99th percentile at 27.2% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2022

-
2022
12-02-2021

1.968
2021

1.875
2020

-
2019

-
2019
12-02-2018

-
2018

-
2017

-

Contacts

1
(399) 148-5231
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98
(116) 940-7605
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Industry Classification