KIWANIS AMBULANCE SERVICE OF BOONT
150 LATHROP AVE
BOONTON, NJ 07005
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.
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 isVery Good, in the 24th percentile compared to peers.
- In the last year, premiumDecreasedby more than 75% of peers.
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 isvery good. It is in the 7th percentile compared to peers.
- Moddecreasedby more than 75% of peers.
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.
- 11% of peers have changed carriers since last year. Those who did, saw a 80% decrease in premium vs those who stayed with their current provider had a 66.9% decrease.
- Current Carrier's market share is in the 75th percentile at 22.2% of the market.
Business Stats
Policy History
Term | Exp. Mod | Carrier | Premium | |
---|---|---|---|---|
2022 |
- | |||
2021 |
- |
Contacts
Industry Classification
FIRST AID or RESCUE SQUAD – VOLUNTEER & Drivers
Ambulance Service, First Aid or Rescue Squads--Not-For-Profit Only
Local Passenger Transportation, Nec