ATX STEEL LLC
1404 W DOVE AVE
MCALLEN, TX 78504
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 is in-line with peers, in the 56th 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 isVery Good, in the 15th percentile compared to peers.
- LCMDecreasedby more than 75% of peers.
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.
- 12% of peers have changed carriers since last year. Those who did, saw a 22% decrease in premium vs those who stayed with their current provider had a 5.3% decrease, roughly 4x those who stayed with their current provider.
- Current Carrier's market share is in the 1st percentile at 0.7% of the market.
Business Stats
Policy History
Term | Carrier | Premium | LCM | |
---|---|---|---|---|
2022 |
1.585 (Current: 1.592) |
|||
2022 |
1.693 | |||
2021 |
1.751 | |||
2021 |
1.693 | |||
2020 |
1.751 | |||
2020 |
1.693 | |||
2020 |
1.736 | |||
2019 |
1.736 | |||
2019 |
1.500 | |||
2019 |
1.736 | |||
2019 |
1.520 | |||
2018 |
1.678 | |||
2018 |
1.520 | |||
2018 |
- | |||
2017 |
1.345 | |||
2017 |
1.520 | |||
2017 08-05-2017 |
1.919 | |||
2016 |
1.345 | |||
2016 |
1.398 |
Contacts
Industry Classification
Iron or Steel--Erection--Iron--Exterior.
Structural Steel and Precast Concrete Contractors
Structural Steel Erection
Bridge or Elevated Highway Construction--Iron or Steel
97650
Metal Erection--Decorative or Artistic
97651
Metal Erection--Frame Structures Iron Work on Outside of Buildings
97652
Metal Erection--In the Construction of Dwellings Not Exceeding 2 Stories in Height
97653
Metal Erection--Nonstructural
97654
Metal Erection--Steel Lock Gates, Gasholders, Standpipes, Water Towers, Smokestacks, Tanks, Silos, Prison Cells, Fire or Burglarproof Vaults