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 51st percentile.

When you get coverage from a Carrier, you are placed in one of their 'Carrier Tiers' (An insurance company under the carrier's umbrella). These individual tiers get a rating from the bureau referred to as an LCM, which effects the premium you pay.

• The LCM of the Current Carrier is in-line with peers, in the 37th percentile.

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.

• 15% of peers have changed carriers since last year. Those who did, saw a 11% decrease in premium vs those who stayed with their current provider had a 4.5% decrease, roughly 2x those who stayed with their current provider.
• Current Carrier's market share is in the 99th percentile at 15.6% of the market.