Vinik Marine Inc is based in Monmouth county in New Jersey. They operate in the Manufacturing industry, specifically in SHIPWRIGHT WORK Drivers, which is a low risk industry. The business is in the Assigned Risk pool, which means they are (or were) a high risk business. 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 8 years, it may be wise to shop around. We have coverage data for them in a single state.
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 a little high, but really depends on the type of business. The rating based on their claims (MOD) increased by 55% which is not good. It is worth investigating why, and taking action to mitigate risks
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 29%. Relevant questions to ask are has payroll increased or have claims increased?
This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to Vinik Marine Inc. This can give you an idea of what carriers might best fit your business.
Enter the State, Mod, and Payroll for each employee class to get premium estimates from the top carriers writing that class of business
Carriers are sorted by number of accounts in that class of business.
Our market intelligence, prospecting database, and software can streamline your new business process. This listings contains: Policy Renewal DateCurrent CarrierClass CodePremiumEx MODMulti StateAssigned RiskCarrier TenureEmployeesContact EmailContact PhoneWebsiteLoss CostFEINCoverage History
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We will utilize our unique insights into the business insurance market to find up to three appropriate carriers and agents, and will put them in contact with you to provide a quote.
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