RTR CONSULTING LLC

PO BOX 5485
ALPHARETTA, GA 30023

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 Higher than 78% of peers.
  • In the last year, premium Decreased by more than 75% of peers.
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 in-line with peers, in the 44th percentile.
  • LCM Increased by more than 75% of peers.
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.

  • 9% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 5.5% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.640
2023

1.400
2023

-
2023

1.000
2022
09-02-2021
AR
0.975
2022
09-02-2021

0.751
2022
05-27-2022
AR
0.975
2022
05-27-2022

0.751
2021

0.860
2021
08-12-2021
AR
1.070
2020
08-12-2020
AR
1.070
2019
12-22-2018
AR
1.360
2019
08-12-2019
AR
1.360
2018
10-13-2017
AR
1.360
2018
08-12-2018
AR
1.360
2017
12-07-2016
AR
1.360
2017
08-12-2017
AR
1.360
2016
11-30-2015
AR
-
2014
12-20-2013
AR
-

Contacts

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(980) 864-5953
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(856) 780-3197
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Industry Classification