Atlas Labs Inc

2201 LEXINGTON AVE
ASHLAND, KY 41101


Commercial Insurance Overview

Atlas Labs Inc is based in Boyd county in Kentucky. They operate in the Services industry, specifically in Libraries, which is a low risk industry. The business is in a Professional Employer Organization (PEO), which offers coverage to a pool of businesses to manage risk. These are often offered by HR companies. It is worth putting effort into risk management to be able to leave the Assigned Risk pool.

The business is in a PEO, often offered by HR and Payroll companies. They have been with the same worker's comp carrier for the last 2 years. We see commercial coverage for them in 19 states including Alabama, Arizona, Colorado, Connecticut, Florida, Georgia, Illinois, Kentucky, Missouri, North Carolina, Nebraska, New Hampshire, Nevada, South Carolina, Tennessee, Virginia, Washington, California, New York.

The LCM is the rate that is applied to a carrier, representing the risk covered by that carrier. The current carrier's LCM is 1.114. An LCM of 1.114 is pretty good. More details on how it compares can be seen below.

Premium Comparison

This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to Atlas Labs 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 Atlas Labs 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 Higher than 75% 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.

  • 1% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 74.7% of the market.
Good

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Policy Renewal Date
Current Carrier
Policy Number
SIC Code
NAICS Code
LCM
Multiple Locations
Multi State
Carrier Tenure
Employees
Contact Phone
Benefits
FEIN
Coverage History


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Carriers & Underwriters

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  • Competitive Account Won/Loss
  • Competitive Class distribution
  • Appetite Analysis
  • Market Share Analysis

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