ACCELERATED BILLING CO

PO BOX 979
LUDOWICI, GA 31316

Talking Points

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 35th percentile.
  • In the last year, premium Decreased by 89%. While peers Increased an average of 6%.
Good

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 Very Good, in the 9th percentile compared to peers.
  • In the last year, LCM Decreased by 32%. While peers Increased an average of 8%.
Good

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.

  • 7% of peers have changed carriers since last year. Those who did, saw a 5.2% decrease in premium vs those who stayed with their current provider had a 6.4% increase.
  • Of those who changed carriers, 0.2% increased their LCM vs those who stayed with their current provider who saw a 9.1% increase.
  • Current Carrier's market share is in the 95th percentile at 10.1% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2022

1.320
(Current: 1.270)
2022
01-01-2021
PEO
1.785
2021
PEO
1.950
2021
PEO
1.950
2021

1.413
2020
PEO
2.092
2020

1.413
2019
PEO
2.092
2019

1.413
2018
PEO
2.092
2018

1.413

Contacts

Rutetmzf Uvnu
President
(517) 442-3675
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Industry Classification