ATWORK PERSONNEL

500 N RAINBOW BLVD, STE 130
LAS VEGAS, NV 89107

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • Premium increase and carrier group change may indicate a claim occurrence.
  • Premium increased after the policy was bound. Did payroll jump for some reason or was a credit removed?
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 Higher than 92% of peers.
  • In the last year, premium Increased by 5%. While peers Increased an average of 3%.
Needs Attention

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 34th percentile compared to peers.
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.

  • 13% of peers have changed carriers since last year. Those who did, saw a 14.6% decrease in premium vs those who stayed with their current provider had a 1.5% decrease, roughly 9x those who stayed with their current provider.
  • Current Carrier's market share is in the 75th percentile at 4.1% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023
PEO
1.450
2023
PEO
-
2023
PEO
-
2023
PEO
-
2023
PEO
-
2023
PEO
-
2023
PEO
-
2023
PEO
-
2023
PEO
-
2023
PEO
-
2023
PEO
-
2023
PEO
-
2022
PEO
1.450
2021
PEO
1.450
2021
PEO
1.450
2021
05-15-2020
AR
1.095
2020
AR
1.095
2020
PEO
1.450
2020

1.693
2020

-
2019
AR
1.095
2018
05-15-2018
AR
1.000

Contacts

YNSVO O GWMQF
Director
(888) 704-1718
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Industry Classification