BLUE BOX AIR LLC

3927 MAIN ST STE 130
DALLAS, TX 75226

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.
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 55th percentile.
  • In the last year, premium Increased by 21%. While peers Increased an average of 1%.
Average

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 15th percentile compared to peers.
  • In the last year, LCM Decreased by 20%. While peers Increased an average of 0%.
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.

  • 25% of peers have changed carriers since last year. Those who did, saw a 8.4% decrease in premium vs those who stayed with their current provider had a 1.2% increase, roughly 7x those who stayed with their current provider.
  • Of those who changed carriers, 0.1% decreased their LCM vs those who stayed with their current provider who saw a 0.2% increase.
  • Current Carrier's market share is in the 50th percentile at 2.8% of the market.
Needs Attention

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
2022

1.320
2022

2.620
2022

1.716
2022

3.000
2022

2.110
2022

-
2022

-
2022

2.373
2022

2.280
2022

1.122
2022

2.050
2022

1.275
2021

1.650
2021

1.403
2021

1.248
2021

1.300
2021

1.409
2021

1.700
2021

1.177
2021

-
2021

1.700
2021

1.074
2021

-
2021

1.643
2021

1.573
2021

1.531
2021
11-16-2020

1.244
2021
11-16-2020

1.200
2021
11-16-2020

1.740
2021
11-16-2020

-
2021
11-16-2021

1.400
2020

1.620
2019

1.387
2018
01-28-2018

1.387
2017
01-06-2017

1.334

Contacts

GKXCR HNMORFO
Director of People & Culture
(698) 801-4552
ojfggi@njvpjggfwn.gfc

9
(670) 697-7393
cea49

3
(920) 476-8568
60c93

Industry Classification


OSHA