These are points that might help guide an agent as they look to approach a prospect.

• Premium decreased after the policy was bound. Did payroll drop, or a last minute credit?

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 24th percentile compared to peers.
• In the last year, premiumDecreasedby more than 75% of peers.

Mod is an indication of how risky a company is to insure. It is based on a company's claim history.

• Experience Mod ishigh. It is in the 96th percentile compared to peers.

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.

• 16% of peers have changed carriers since last year. Those who did, saw a 14% decrease in premium vs those who stayed with their current provider had a 11.6% decrease.
• Current Carrier's market share is in the 99th percentile at 13.6% of the market.