ORDER EXPRESS INC

685 W OHIO ST
CHICAGO, IL 60654

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • Increasing LCM and decreasing market share may indicate carrier is tightening underwriting guidelines and/or has written higher risk accounts that they are less willing to fight for.
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 Higher than 94% of peers.
  • In the last year, premium Increased by 27%. While peers Increased an average of 2%.
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 94% 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.

  • 21% of peers have changed carriers since last year. Those who did, saw a 3.2% decrease in premium vs those who stayed with their current provider had a 1.7% decrease.
  • Current Carrier's market share is in the 1st percentile at 1.5% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

2.754
2023

2.893
2023

2.715
2022

3.000
2022

2.110
2022

2.640
2022

3.355
2022

1.716
2022

-
2022

2.500
2022

-
2022

2.373
2022

2.280
2022

2.549
2022

1.800
2022

2.100
2022

2.893
2022

2.715
2022

2.210
2021

3.000
2021

1.819
2021

2.145
2021

2.640
2021

1.630
2021

1.716
2021

-
2021

2.500
2021

-
2021

2.373
2021

2.060
2021

2.549
2021

1.800
2021

2.100
2021

2.500
2021

2.100
2021

2.210
2020

-
2020

1.819
2020

2.145
2020

2.640
2020

1.630
2020

-
2020

2.500
2020

-
2020

-
2020

1.980
2020

2.140
2020

1.755
2020

1.920
2020

2.500
2020

2.100
2020

1.938
2019

-
2019

1.819
2019

2.145
2019

2.640
2019

1.630
2019

-
2019

-
2019

2.500
2019

-
2019

1.750
2019

2.140
2019

1.755
2019

1.920
2019

2.500
2019

-
2019

1.938
2018

-
2018

1.819
2018

1.630
2018

-
2018

-
2018

2.500
2018

-
2018

2.140
2018

1.755
2018

-
2018

2.500
2018

-
2018

3.000
2018

1.938
2017

-
2017

1.819
2017

1.630
2017

-
2017

-
2017

2.500
2017

-
2017

-
2017

1.945
2017

-
2017

2.500
2017

1.938
2017
01-19-2017

1.755
2017
01-19-2017

3.000
2016

-
2016

1.819
2016

-
2016

-
2016

2.500
2016

-
2016

1.945
2016

2.500
2016

3.000
2016

1.938
2016
12-29-2015

1.630
2015

1.819
2015

1.630
2015

-
2015

-
2015

1.945
2015

3.000
2015

1.938
2015
02-12-2014

-
2015
11-03-2015

-
2015
11-03-2015

-
2015
11-03-2015

2.500
2015
11-03-2015

2.500
2014

-
2014

-
2014

1.819
2014

-
2014

-
2014

-
2014

-
2014

1.945
2014

-
2014

-
2013

1.600
2013

-
2013

-
2013

-
2013

-
2013

-
2013
01-17-2014

-
2012

1.600
2012

-
2012

-
2012

-
2012

-
2012
01-19-2013

-
2011
11-03-2011

-
2011
11-03-2011

-
2011
11-03-2011

-
2010

-
2010

-
2010
11-03-2010

-
2009

-
2009

-
2009
11-03-2009

-

Contacts

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(387) 079-3978
9768

IEB BNFCL
Benefits Admin
(538) 733-4205
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(720) 933-8042
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(625) 916-8995
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Yctzfa Yxmfuyxow
Manager
(031) 142-2456
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Kxskk Fayhklj
President
(150) 832-6377
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Opig Jwsihjdph
Owner
(409) 656-2302
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Qumpdi X. Anvtpnaow
President & CEO
(270) 227-6665
cfnkhdaeja@fcmt.mjr

Keddeq Ppptutn
Manager
(152) 055-3478
639

DHURNVS UHXYQC
Benefits Admin
(247) 081-7578
4b6

LENAF POMYPA
Benefits Admin
(937) 838-4939
c88b3

YZC@3550
Benefits Admin
(221) 371-5286
476f

OBUD D. ODSSCZ
Benefits Admin
(121) 499-9215
94da

HGAGZ G. TSYJFQP
Benefits Admin
(291) 347-9193
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VXWO OOVBYF
Benefits Admin
(924) 120-3888
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Xpywqa Dfjmluz
Marketing Director
(631) 945-9125
mdqpekoqvz@pezbbfq.akjtf.ilx

Industry Classification

Retirement Benefits

Financials

2021
BOY Assets: $ 652,119
Liabilities: $ 0
EE Contrib: $ 26,000
Emp Contrib: $ 37,500
Income/Loss: $ 109,780
Total Income: $ 173,280
Paid Benefits: $ 0
Expenses: $ 0
  Commission: $ 6,693
Net Income: $ 166,587
Net Assets: $ 818,706

Participants

2021
Total Participants:1
Active Part.:1
Retired Part.:
Deceased Part.:

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2E - Profit-sharing

    2F - ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.

    2G - Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.

    2J - Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.

    2K - Stock bonusCode section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.

    2T - Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

    3D - Pre-approved pension plan - A master, prototype, or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.