Insurance Xdate > Reports > NY > Gottlieb Ostrager Llp


Commercial Insurance Overview

Gottlieb Ostrager Llp is based in Westchester county in New York. They operate in the Services industry, specifically in Legal Services, 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 10 years, it may be wise to shop around. We have coverage data for them in a single state.

The LCM is the rate that is applied to a carrier, representing the risk covered by that carrier. The current carrier's LCM is 1.122. An LCM of 1.122 is pretty good. More details on how it compares can be seen below. Their LCM has decreased -15% which is a good sign. They either shifted to a better carrier tier, or were placed with a better carrier.

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 Gottlieb Ostrager Llp. This can give you an idea of what carriers might best fit your business.

$3.85$0.75
Erie Ins Grp
$1.50
$1.04$2.30
Berkshire Hathaway Grp
$2.20
$1.20$2.08
Hartford Fire & Cas Grp
$1.91
$0.83$3.56
Travelers Grp
$1.32
$0.85$3.85
Amtrust Ngh Grp
$1.85
$1.00$2.30
State Farm Grp
$2.09
$1.14$2.10
Selective Ins Grp
$3.03
$1.10$3.43
Markel Corp Grp
$2.06
$1.40$2.39
Proassurance Corp Grp
$1.65
$1.00$1.73
Liberty Mut Grp
$1.56
$0.75$3.20

Market Comparison for Gottlieb Ostrager Llp

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 in-line with peers, in the 66th percentile.
Average

LCM Rate

LCMs have the largest effect on your WC costs. Carriers file LCM's which are multiplied with the state approved Loss Costs for your employment classifications to create your policy rates. Carrier Groups have several Carrier Tier's each with their own filing, allowing their underwriters to price aggressively to overly prudent depending on the risk.

  • The LCM of the Current Carrier is Very Good, in the 18th percentile compared to peers.
  • In the last year, LCM Decreased by 15%. While peers Increased an average of 0%.
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.

  • 2% of peers have changed carriers since last year.
  • Of those who changed carriers, 10.2% decreased their LCM vs those who stayed with their current provider who saw a 0.1% decrease, a difference of roughly 136x.
  • Current Carrier's market share is in the 75th percentile at 4.2% of the market.
Needs Attention

Business Owners

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Policy Renewal Date
Current Carrier
Policy Number
Class Code
SIC Code
Ex MOD
LCM
Multi State
Carrier Tenure
Employees
Contact Phone
Website
Benefits
Loss Cost
FEIN
Coverage History


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Carriers & Underwriters

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  • Competitive Account Won/Loss
  • Competitive Class distribution
  • Appetite Analysis
  • Market Share Analysis