SIMPLE SYSTEMS INC

37 DANA PL
CLOSTER, NJ 07624

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 in-line with peers, in the 47th percentile.
  • In the last year, premium Decreased by 9%. While peers Increased an average of 8%.
Average

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. Those who did, saw a 34.5% decrease in premium vs those who stayed with their current provider had a 6.9% decrease, roughly 5x those who stayed with their current provider.
  • Current Carrier's market share is in the 95th percentile at 16.6% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier Premium
2023
AR
2022
AR
2021
AR
2020
AR
2019
AR
2018
AR
2017
AR
2016
AR
2015
AR
2014
AR

Contacts

Erx Nokznp
Chief Executive Officer
(150) 461-1969
01787

Industry Classification