DQ IRONWORKS INC

205 HICKORY SPRINGS IND
CANTON, GA 30115

Talking Points

For the Agent

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

  • Premium increase and carrier group change may indicate a claim occurrence.
  • Premium decrease and carrier tier change may indicate competitive situation and incumbent prevailed.
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 91% of peers.
  • In the last year, premium Increased by 4%. While peers Increased an average of 1%.
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.

  • 13% of peers have changed carriers since last year. Those who did, saw a 4% decrease in premium vs those who stayed with their current provider had a 0.2% increase, roughly 24x those who stayed with their current provider.
  • Current Carrier's market share is in the 99th percentile at 12.1% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2022

-
2022
12-06-2021

1.790
2021

1.790
2020

1.630
2019

1.340
2019
12-06-2018

2.839
2018

2.374
2017

2.374

Contacts

88
(605) 868-2586
dba

Industry Classification