Insurance Xdate > Reports > CA > All Ways Energy Inc


Commercial Insurance Overview

All Ways Energy Inc is based in San Luis Obispo county in California. They operate in the Construction industry, specifically in Electrical Work, which is a low risk industry. It is worth putting effort into risk management to be able to leave the Assigned Risk pool.

It looks like they just changed commercial insurance carriers. We have coverage data for them in a single state.

The LCM is the rate that is applied to a carrier, representing the risk covered by that carrier. The current carrier's LCM is 1.464. A 1.464 LCM overall is a bit high, but check the market comparison below for more details. Their LCM has decreased -17% which is a good sign. They either shifted to a better carrier tier, or were placed with a better carrier.

Premium Comparison

This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to All Ways Energy Inc. This can give you an idea of what carriers might best fit your business.

$3.85$0.75
Erie Ins Grp
$1.50
$1.04$2.30
Berkshire Hathaway Grp
$2.20
$1.20$2.08
Hartford Fire & Cas Grp
$1.91
$0.83$3.56
Travelers Grp
$1.32
$0.85$3.85
Amtrust Ngh Grp
$1.85
$1.00$2.30
State Farm Grp
$2.09
$1.14$2.10
Selective Ins Grp
$3.03
$1.10$3.43
Markel Corp Grp
$2.06
$1.40$2.39
Proassurance Corp Grp
$1.65
$1.00$1.73
Liberty Mut Grp
$1.56
$0.75$3.20

Market Comparison for All Ways Energy Inc

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 in-line with peers, in the 35th percentile.
  • In the last year, LCM Decreased by 17%. 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.

  • 32% of peers have changed carriers since last year. This might indicate carriers are competing aggresively for similar businesses to cover.
  • Of the 32% of peers who changed carriers, This might indicate carriers are competing aggresively for similar businesses to cover.
  • Current Carrier's market share is in the 95th percentile at 4.8% of the market.
Needs Attention

Business Owners

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Policy Renewal Date
Current Carrier
Class Code
SIC Code
LCM
Multi State
Carrier Tenure
Contact Phone
Coverage History


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Carriers & Underwriters

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