ADVANCED REFINISHING INC
8700 SOVEREIGN ROW
DALLAS, TX 75247
Talking Points
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 is in-line with peers, in the 71st percentile.
- In the last year, premiumDecreasedby more than 75% of 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 isHigherthan 58% of peers.
- Shopping around for a carrier that would provide a more competative tier would make sense.
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.
- 12% of peers have changed carriers since last year. Those who did, saw a 17.7% decrease in premium vs those who stayed with their current provider had a 0.1% decrease, roughly 326x those who stayed with their current provider.
- Current Carrier's market share is in the 1st percentile at 0.5% of the market.
Business Stats
Policy History
Term | Carrier | Premium | LCM | |
---|---|---|---|---|
2022 |
1.740 | |||
2021 |
1.740 | |||
2020 |
1.740 | |||
2019 |
1.740 | |||
2018 |
1.550 | |||
2017 |
1.503 | |||
2016 |
1.488 | |||
2015 |
1.488 |
Contacts
Industry Classification
Furniture Upholstering
Airports, Flying Fields, and Services
Air Transportation Companies
40026
Airport--Lessees of Portions of Airports Engaged in the Sale of Aircraft or Accessories, Servicing or Repairing of Aircraft or Pilot Instructions
40010
Airports--Commercial
40015
Airports--Private
98307
Painting--Ship Hulls
99803
Underpinning Buildings or Structures