DAZZLING DECOR LLC
5010 GAIL HWY
BIG SPRING, TX 79720
Talking Points
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 is in-line with peers, in the 46th percentile.
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 64% 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.
- 11% of peers have changed carriers since last year. Those who did, saw a 19.3% decrease in premium vs those who stayed with their current provider had a 2.8% decrease, roughly 7x those who stayed with their current provider.
- Current Carrier's market share is in the 95th percentile at 15.2% of the market.
Business Stats
Policy History
Term | Carrier | Premium | LCM | |
---|---|---|---|---|
2021 |
1.693 | |||
2020 |
1.693 | |||
2019 |
1.693 | |||
2018 |
- | |||
2017 |
- | |||
2016 |
- | |||
2015 |
- | |||
2014 |
- |
Contacts
Industry Classification
Department Store--Retail
All Other Home Furnishings Stores
Repair Services, Nec
Appliances and Accessories--Installation, Servicing or Repair--Commercial
91200
Blacksmithing
91250
Boiler Inspection, Installation, Cleaning or Repair
91481
Chimney Cleaning
12356
Department or Discount Stores
95620
Gunsmiths