OLSON ELECTRICAL SERVICES

14266 DOOLITTLE DR
SAN LEANDRO, CA 94577

Talking Points

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 26th percentile compared to peers.
  • In the last year, LCM Decreased by 23%. While peers Increased an average of 1%.
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.

  • 20% of peers have changed carriers since last year.
  • Of those who changed carriers, 1.5% decreased their LCM vs those who stayed with their current provider who saw a 1% decrease.
  • Current Carrier's market share is in the 95th percentile at 7.1% of the market.
Good

Similar Businesses

Business Stats

Policy History

Term Carrier Premium LCM
2024

1.300
2024

1.500
2023

1.960
2023
09-18-2023

1.520
2022

1.520
2022

1.982
2021

-
2021
09-18-2021

1.449
2020

1.449
2020

-
2020
09-18-2019

1.387
2019

1.000
2019
09-18-2018

1.000
2018

1.142
2017

1.040
2016

1.040

Contacts

HYMTX VGUMEWZ EMT
Respnsible Managing Officer/Chief Executive Officer/President
(758) 631-2835
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CWTOD FYQSGFD YWR
Respnsible Managing Officer/Chi
(216) 343-8856
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Industry Classification