REISER FRED C
PO BOX 59821
DALLAS, TX 75229
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
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 isVery Good, in the 22nd 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 isHigherthan 89% of peers.
- Shopping around for a carrier that would provide a more competative tier would make sense.
- 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.
- Current Carrier's market share is in the 1st percentile at 1.6% of the market.
Business Stats
Policy History
Term | Carrier | Premium | LCM | |
---|---|---|---|---|
2022 |
2.007 | |||
2021 |
1.853 | |||
2020 |
1.390 | |||
2019 |
1.081 | |||
2018 |
0.849 | |||
2017 |
0.934 | |||
2016 |
0.934 | |||
2015 |
0.934 | |||
2014 |
- |
Contacts
Industry Classification
Furniture Upholstering
Carpet and Upholstery Cleaning Services
Carpet and Upholstery Cleaning
Carpet, Rug or Upholstery Cleaning--Shop Only
91405
Carpet, Rug, Furniture or Upholstery Cleaning--on Customers' Premises
98307
Painting--Ship Hulls
99803
Underpinning Buildings or Structures
99826
Upholstering
99827
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