Many factors go into calculating the premium a company pays for business insurance. Comparing premium with similar businesses of comparable size can indicate how risky a business is compared to others, as well as show how competitive pricing is.

• Premium is in-line with peers, in the 46th percentile.

When you get coverage from a Carrier, you are placed in one of their 'Carrier Tiers' (An insurance company under the carrier's umbrella). These individual tiers get a rating from the bureau referred to as an LCM, which effects the premium you pay.

• The LCM of the Current Carrier isHigherthan 77% of peers.
• Shopping around for a carrier that would provide a more competative tier would make sense.

Lets look at how competatively other carriers are looking to provide coverage to businesses similar to RAYMOND TEAGUE INC.

• 13% of peers have changed carriers since last year.
• The top carriers competing for these peers are liberty mut grp, zurich ins grp, cna ins grp, arch ins grp, texas mutual ins co