BRIGHT STARS GYMNASTICS PARENTS AS

3330 BARGAINTOWN RD
EGG HARBOR TOWNSHIP, NJ 08234

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • A break in policy terms may indicate inconsistent work load which can result in substandard employment.
Needs Attention

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 6th percentile compared to peers.
  • In the last year, premium Increased by 5%. While peers Increased an average of 3%.
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.

  • 10% of peers have changed carriers since last year. Those who did, saw a 24% decrease in premium vs those who stayed with their current provider had a 3.3% increase, roughly 7x 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 Exp. Mod Carrier Premium
2023
AR
2022
AR
2021
AR
2020
AR

Contacts

756
(267) 164-1211
341c3

Industry Classification