ENCOMPASS INTERACTIVE LLC

3640 KENNESAW N INDUSTRI, STE D
KENNESAW, GA 30144

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 93% 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 60% 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.

  • 17% of peers have changed carriers since last year. Those who did, saw a 38.2% decrease in premium vs those who stayed with their current provider had a 5.1% increase, roughly 7x those who stayed with their current provider.
  • Of those who changed carriers, 8.1% decreased their LCM vs those who stayed with their current provider who saw a 3.3% increase, a difference of roughly 2x.
  • Current Carrier's market share is in the 99th percentile at 33.8% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.973
2022

1.754
2021

1.526
2020

1.372
2019

1.372
2018

1.252
2017

1.252
2017

-
2016

-
2014
AR
-

Contacts

Lyvpdpqok Kjsuizy HMX
Registered Agent
(942) 626-3742
d188f

Rysxcnvja Mfokhoe OTA
Registered Agent
ca
ae d

Industry Classification