MAYA UNDERGROUND CONTRACTORS LLC
PO BOX 39
WESTON, TX 75097
Talking Points
For the Agent
These are points that might help guide an agent as they look to approach a prospect.
- A break in policy terms may indicate inconsistent work load which can result in substandard employment.
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 isVery Good, in the 21st percentile compared to peers.
- In the last year, premiumDecreasedby 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 83% 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.
- 8% of peers have changed carriers since last year. Those who did, saw a 18% decrease in premium vs those who stayed with their current provider had a 0.3% increase, roughly 65x those who stayed with their current provider.
- Current Carrier's market share is in the 99th percentile at 73% of the market.
Business Stats
Policy History
Term | Carrier | Premium | LCM | |
---|---|---|---|---|
2022 |
1.693 | |||
2021 |
1.693 |
Contacts
Industry Classification
Sewer Construction--All Operations & Drivers
Water and Sewer Line and Related Structures Construction
Water, Sewer, and Utility Lines
安装在管道或电缆Subways
91324
Caisson or Cofferdam Work--Foundations for Buildings
91325
Caisson or Cofferdam Work--Not Foundations for Buildings
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