JARRETT ROLLINS
PO BOX 6829
CORPUS CHRISTI, TX 78466
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 isVery Good, in the 20th percentile compared to peers.
- In the last year, premiumIncreasedby more than 75% 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 78% 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.
- 15% of peers have changed carriers since last year. Those who did, saw a 24.5% decrease in premium vs those who stayed with their current provider had a 1.6% increase, roughly 15x those who stayed with their current provider.
- Current Carrier's market share is in the 99th percentile at 65.2% of the market.
Business Stats
Policy History
Term | Carrier | Premium | LCM | |
---|---|---|---|---|
2022 |
1.693 | |||
2021 |
1.693 | |||
2020 |
1.693 | |||
2019 |
1.693 | |||
2018 |
- | |||
2017 |
- | |||
2016 |
- | |||
2015 |
- | |||
2014 |
- |
Contacts
Industry Classification
Playground Equipment Installation
All Other Specialty Trade Contractors
Special Trade Contractors, Nec
Cleaning--Outside Surfaces of Buildings & Other Exterior Surfaces
94276
Fence Erection Contractors
94404
Fireproofing--Structures
95487
Greenhouse Erection
95625
Handyperson
95630
Hazardous Material Contractors