Insurance Xdate > Reports > MA > Stoneham Bank A Co Operative Bank
Commercial Insurance Overview
Stoneham Bank A Co Operative Bank is based in Middlesex county in Massachusetts. They operate in the Finance/Ins/RE industry, specifically in National Commercial Banks, 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 the same worker's comp carrier for 11 years, it may be wise to shop around. We see commercial coverage for them in 4 states including Massachusetts, Maine, North Carolina, New Hampshire.
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 an excellent rating no matter the industry, and should be able to shop aggressively.
Premium Comparison
This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to Stoneham Bank A Co Operative Bank. This can give you an idea of what carriers might best fit your business.
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$4.02$0.75
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|---|---|---|
| $2.24 47% 810 Businesses 111 | ||
| $1.00 7% 307 Businesses 20 | ||
| $1.22 20% 181 Businesses 54 | ||
| $1.32 8% 174 Businesses 39 | ||
| $1.07 42% 137 Businesses 2 | ||
| $1.06 23% 125 Businesses 16 | ||
| $1.00 34% 116 Businesses 13 | ||
| $1.44 26% 90 Businesses 12 | ||
| $1.40 73 Businesses 1 | ||
| $1.79 44% 72 Businesses 6 |
Market Comparison for Stoneham Bank A Co Operative Bank
Experience Mod Rating
Mod is an indication of how risky a company is to insure. It is based on a company's claim history.
- Experience Mod is very good. It is in the 12th percentile compared to peers.
- There was a recent mod decrease.
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.
- 14% of peers have changed carriers since last year.
- Current Carrier's market share is in the 95th percentile at 33.3% of the market.
Business Owners
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- Try our 100% free premium estimate tool to compare coverage options.
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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