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.

  • Premium increase and carrier group change may indicate a claim occurrence.
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 59th percentile.
  • In the last year, premium Increased by 67%. 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 Higher than 71% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 51%. While peers Increased an average of 12%.
Needs Attention

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.

  • 12% of peers have changed carriers since last year. Those who did, saw a 26.2% decrease in premium vs those who stayed with their current provider had a 0.6% increase, roughly 45x those who stayed with their current provider.
  • Of those who changed carriers, 7.8% increased their LCM vs those who stayed with their current provider who saw a 12.1% increase.
  • Current Carrier's market share is in the 75th percentile at 3.8% 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

Similar Businesses

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.997
2023

1.520
2023

2.470
2023

-
2023

2.010
2023

1.800
2023

1.974
2022

1.320
2022

2.620
2022

1.716
2022

3.000
2022

2.110
2022

-
2022

-
2022

2.610
2022

1.122
2022

2.050
2022

1.275
2022
11-16-2022

2.280
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

1.807
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

AVLKD JQQDRNT
Director of People & Culture
(449) 617-3961
jeklgl@liihfjjfug.zrl

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(805) 391-4936
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(227) 485-8694
394a

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(664) 403-6298
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Industry Classification


OSHA