AUSTIN MAINTENANCE & CONSTRUCTION IN

2801 E 13TH ST
LA PORTE, TX 77571

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 increase and carrier group change may indicate a claim occurrence.
Needs Attention

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 25th percentile.
  • In the last year, premium Decreased by 93%. While peers Increased an average of 7%.
Good

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 is Very Good, in the 12th percentile compared to peers.
  • In the last year, LCM Decreased by 34%. While peers Increased an average of 3%.
Good

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.

  • 16% of peers have changed carriers since last year. Those who did, saw a 4.1% decrease in premium vs those who stayed with their current provider had a 8.7% increase.
  • Current Carrier's market share is in the 95th percentile at 8.1% of the market.
Good

OSHA

Most employers with 10 or more employees are required 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.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.223
2023

1.859
2023

1.000
2023

1.200
2023
01-01-2023

1.483
2023
01-01-2023

1.320
2022

1.859
2022

1.223
2022

1.110
2022
01-01-2022

1.483
2022
01-01-2022

1.320
2022
03-01-2022

1.200
2022
07-01-2022

1.630
2021

1.110
2021

1.200
2021

1.200
2021
01-01-2021

1.483
2021
01-01-2021

1.320
2021
07-01-2021

1.630
2020

1.080
2020
01-01-2020

1.483
2020
01-01-2020

1.320
2020
07-01-2020

1.870
2019

-
2019

1.080
2019

-
2019

1.450
2019

1.080
2019
01-01-2019

1.483
2019
01-01-2019

1.320
2019
01-01-2019

1.400
2019
01-01-2019

1.430
2018

-
2018

1.080
2018

1.080
2018

1.483
2018

1.480
2018
01-01-2018

1.320
2017

1.170
2017

1.170
2017

1.483
2017

1.480
2017

1.430
2016

1.170
2016

1.170
2016

1.483
2016

1.490
2016

-
2015

-
2015

-
2015

-
2015

-
2014

-

Contacts

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President
(326) 421-0407
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Benefits Admin
(711) 323-5807
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94
(066) 885-4662
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92
(744) 134-1598
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(234) 370-3839
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Industry Classification


OSHA