Insurance Xdate > Reports > PA > Qualaris Healthcare Solutions Inc


Commercial Insurance Overview

Qualaris Healthcare Solutions Inc is based in Allegheny county in Pennsylvania. They operate in the Services industry, specifically in Custom Computer Programming Services, 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 see commercial coverage for them in 4 states including California, Colorado, Pennsylvania, Utah.

The LCM is the rate that is applied to a carrier, representing the risk covered by that carrier. The current carrier's LCM is 1.150. An LCM of 1.150 is pretty good. More details on how it compares can be seen below. Their LCM has decreased -65% 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 Qualaris Healthcare Solutions 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 Qualaris Healthcare Solutions 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 Very Good, in the 24th percentile compared to peers.
  • In the last year, LCM Decreased by 65%. 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.

  • 5% of peers have changed carriers since last year.
  • Of those who changed carriers, 7.3% decreased their LCM vs those who stayed with their current provider who saw a 3.4% increase, a difference of roughly 2x.
  • Current Carrier's market share is in the 75th percentile at 2.5% of the market.
Needs Attention

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Current Carrier
Policy Number
Class Code
SIC Code
NAICS Code
LCM
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Contact Phone
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Loss Cost
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  • Competitive Class distribution
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  • Market Share Analysis