LOS FIERRO CONSTRUCTION INC
12401 TIERRA BELLA DR
EL PASO, TX 79938
Talking Points
For the Agent
These are points that might help guide an agent as they look to approach a prospect.
- An osha violation that is followed by a premium increase may indicate a WC claim has occurred.
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 is in-line with peers, in the 57th percentile.
- 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 82% 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 19.7% decrease in premium vs those who stayed with their current provider had a 1.6% decrease, roughly 12x those who stayed with their current provider.
- Current Carrier's market share is in the 99th percentile at 72.1% of the market.
OSHA
大多数雇主与员工requi 10或更多red to maintain injury and illness records, known as the 300 log. In the event of an inspection, this information will likely be requested. Even without injury or claim, the proper documentation should be readily available on a location by location basis. These logs are critical but simple to maintain.
- Businesses with serious and/or repeat violations should be provided with risk management practices to eliminate unnecessary risk and minimize what must exist in current processes.
Business Stats
Policy History
Term | Carrier | Premium | LCM | |
---|---|---|---|---|
2022 |
1.693 | |||
2021 |
1.693 | |||
2020 |
1.693 | |||
2019 |
1.693 | |||
2018 |
- |
Contacts
Industry Classification
Steam Mains or Connections Construction & Drivers
Water and Sewer Line and Related Structures Construction
Water, Sewer, and Utility Lines
安装在管道或电缆Subways
91577
Conduit Construction for Cables or Wires
91588
Contractors--Subcontracted Work--In Connection with Bridge, Tunnel, Elevated Street or Highway Construction, Reconstruction or Repair
91586
Contractors--Subcontracted Work--In Connection with Oil and Gas Field Construction, Reconstruction or Repair
91587
Contractors--Subcontracted Work--In Connection with Pipeline (Other Than Oil or Gas) or Communication or Power Line Construction, Reconstruction or Repair
92446
Electric Light or Power Line Construction