WOODSOUL服务有限责任公司
2202 BAHAMA RD
AUSTIN, TX 78733
Talking Points
For the Agent
These are points that might help guide an agent as they look to approach a prospect.
- Premium decrease and carrier tier change may indicate competitive situation and incumbent prevailed.
Premium
工人的薪酬溢价是基于两个关键因素- 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 7th percentile compared to peers.
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 isVery Good, in the 13th percentile compared to peers.
- LCMIncreasedby 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.
- 7% of peers have changed carriers since last year. Those who did, saw a 3.6% increase in premium vs those who stayed with their current provider had a 5.2% increase.
- Current Carrier's market share is in the 75th percentile at 12.4% of the market.
Business Stats
Policy History
Term | Carrier | Premium | LCM | |
---|---|---|---|---|
2022 |
1.235 | |||
2021 |
1.081 | |||
2020 |
0.849 | |||
2019 |
1.390 | |||
2018 |
1.235 | |||
2017 |
0.934 | |||
2016 |
2.488 | |||
2016 |
2.488 |
Contacts
Industry Classification
Furniture Upholstering
Furniture
Furniture Stores--Other Than Not-For-Profit
98307
Painting--Ship Hulls
99803
Underpinning Buildings or Structures
99826
Upholstering
99827
室内装璜,商店啊nly