STRIKER ROOFING & CONSTRUCTION LLC
194 INDUSTRIAL BLVD, STE 102
MCKINNEY, TX 75069
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.
- Premium isHigherthan 90% 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 93% 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.
- 4% of peers have changed carriers since last year. Those who did, saw a 36.2% decrease in premium vs those who stayed with their current provider had a 1.9% increase, roughly 19x those who stayed with their current provider.
- Current Carrier's market share is in the 99th percentile at 88.4% of the market.
Business Stats
Policy History
Term | Carrier | Premium | LCM | |
---|---|---|---|---|
2021 |
1.693 | |||
2020 |
1.693 |
Contacts
Industry Classification
Roofing--All Kinds & Drivers
Roofing Contractors
Roofing, Siding, and Sheetmetal Work
Ceiling or Wall Installation--Metal
98677
Roofing--Commercial or Residential Over Three Stories
98678
Roofing--Residential--Three Stories & Under
98884
Sheet Metal Work--Outside
98967
Siding Installation