NEW RIVERSIDE OCHRE CO

PO BOX 460
CARTERSVILLE, GA 30120

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 100% 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 Very Good, in the 17th percentile compared to peers.
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.

  • 0% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 16.7% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2022

1.640
2022

1.750
2021

1.640
2021

1.750
2020

1.640
2020

1.550
2019

1.640
2019

1.550
2018

1.640
2018

1.550
2017

1.640
2017

1.550
2016

-
2016

1.550
2015

-
2015

-
2014

-

Contacts

Zho Ruxjq
President
(773) 162-0317
urplnnp@pecns.fcc

Industry Classification