SHAWN EARLY
4918 FM 1844
GLADEWATER, TX 75647
Talking Points
For the Agent
These are points that might help guide an agent as they look to approach a prospect.
- A break in policy terms may indicate inconsistent work load which can result in substandard employment.
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.
- 保险费是内联和同事、the 30th percentile.
- In the last year, premiumIncreasedby 3%. While peersIncreasedan average of 9%.
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 81% 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.
- 8% of peers have changed carriers since last year.
- Current Carrier's market share is in the 99th percentile at 56.8% of the market.
Business Stats
Policy History
Term | Carrier | Premium | LCM | |
---|---|---|---|---|
2021 |
1.693 | |||
2020 |
1.693 |
Contacts
Industry Classification
Architect or Engineer--Consulting
Process, Physical Distribution, and Logistics Consulting Services
Freight Transportation Arrangement
Draftsmen
92663
Engineers or Architects--Consulting--Not Engaged in Actual Construction
47367
Sales or Service Organizations