ECHOLS GLASS & MIRROR INC

5850 HEARDS FOREST DR
ATLANTA, GA 30328

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 Higher than 97% 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 Higher than 72% 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.

  • 10% of peers have changed carriers since last year.
  • Of those who changed carriers, 12.1% decreased their LCM vs those who stayed with their current provider who saw a 0.9% increase, a difference of roughly 13x.
  • Current Carrier's market share is in the 99th percentile at 21% of the market.
Needs Attention

OSHA

Most employers with 10 or more employees are required to maintain injury and illness records, known as the 300 log. In the event of an inspection, this information will likely be requested. Even without injury or claim, the proper documentation should be readily available on a location by location basis. These logs are critical but simple to maintain.

  • Businesses with serious and/or repeat violations should be provided with risk management practices to eliminate unnecessary risk and minimize what must exist in current processes.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.360
2022
PEO
1.988
2022

1.778
2022

0.890
2022

1.360
2022
12-01-2021
AR
0.975
2021
PEO
1.880
2021
PEO
1.880
2021
AR
1.070
2021

0.940
2020
PEO
-
2020
PEO
-
2020
AR
1.070
2020

0.940
2019
PEO
-
2019

0.553
2019
09-13-2019
AR
1.360
2018

1.600
2018

2.080
2018
PEO
1.467
2018
12-27-2017
PEO
1.790
2018
06-01-2018
PEO
-
2018
09-13-2018
PEO AR
2.230
2017

1.158
2017

1.480
2017
PEO
1.467
2017
09-13-2017
PEO AR
2.230
2017
09-30-2017
PEO
1.790
2016

1.013
2016

1.620
2016
PEO
1.467
2016
05-08-2016

-
2015

-
2015

-
2014

-

Contacts

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Sales Manager
(544) 802-2835
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Lmpta Q. Obxn
President
(413) 969-2837
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(272) 657-8216
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(860) 572-9540
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Industry Classification


OSHA

Motor Carrier