SP Homes LLC
SP Homes LLC, located in Denver County, Colorado, operates within the residential construction sector, which is classified as a low-risk industry. With a focus on risk management, they have maintained a solid relationship with their workers' compensation carrier for over three years, yet their insurance premium has notably increased by 23% recently, outpacing the average rise among their peers.
The company employs a Loss Cost Multiplier (LCM) of 1.400, which is higher than 71% of comparable businesses, suggesting potential opportunities for cost savings by exploring more competitive carrier options. Utilizing market intelligence, SP Homes LLC aims to align their commercial insurance strategy with industry standards, optimizing their coverage for better operational efficiency.
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