Room by Room LLC

171 N Hunter Forge Rd
Newark, DE 19713

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 Higher than 90% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
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.

  • 15% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 26.4% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

3.051
2021

3.051
2020

2.607
2019

2.023
2019
12-13-2018

2.379
2018

2.379

Contacts

Industry Classification