HARBOR BAIT & TACKLE LLC
PO BOX 391
MATAGORDA, TX 77457
Talking Points
Premium
工人的薪酬溢价是基于两个关键因素- 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 50th percentile.
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 is in-line with peers, in the 48th percentile.
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.
- 5% of peers have changed carriers since last year. Those who did, saw a 10.2% decrease in premium vs those who stayed with their current provider had a 1.5% decrease, roughly 7x those who stayed with their current provider.
- Current Carrier's market share is in the 99th percentile at 45.9% of the market.
Business Stats
Policy History
Term | Carrier | Premium | LCM | |
---|---|---|---|---|
2022 |
1.693 | |||
2021 |
1.693 | |||
2020 |
1.693 | |||
2019 |
- | |||
2018 |
- | |||
2017 |
- | |||
2016 |
- | |||
2015 |
- |
Contacts
Industry Classification
Buildings NOC--Operation by Owner or Lessee & Drivers
Other Marine Fishing
Miscellaneous Marine Products
Apartment Hotels--4 Stories or More
60015
Apartment Hotels--Less Than 4 Stories
10120
Bathhouses or Bathing Pavilions
61223
Buildings or Premises--Bank and Other Financial Institutions
61217
Buildings or Premises--Bank or Office--Mercantile or Mfg. (Lessor's Risk Only)--Maintained by the Insured--Other Than Not-For-Profit
61227
Buildings or Premises--Office--Not-For-Profit Only