铁的马TERMINALS LLC
PO BOX 7406
BEAUMONT, TX 77726
Talking Points
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 isHigherthan 83% of 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 85% 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.
- 9% of peers have changed carriers since last year. Those who did, saw a 12.4% decrease in premium vs those who stayed with their current provider had a 1% increase, roughly 13x those who stayed with their current provider.
- Current Carrier's market share is in the 99th percentile at 75.6% of the market.
Business Stats
Policy History
Term | Carrier | Premium | LCM | |
---|---|---|---|---|
2022 |
1.693 | |||
2021 |
1.693 | |||
2020 |
1.693 | |||
2019 |
1.693 |
联系s
Industry Classification
Storage Warehouse--NOC & Drivers
网站准备承包商
Wrecking and Demolition Work
Sales or Service Organizations
49763
Warehouse--Cold Individual Storage Lockers
99917
Warehouse--Cold Storage--Public
99938
Warehouses
99986
Wrecking--Buildings or Structures
99987
Wrecking--Dismantling of Prefabricated Dwellings Not Exceeding Three Stories for Reerection