KEN'S KONTRACTING INC

1988 TANGLEWOOD DR
SNELLVILLE, GA 30078

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 67th percentile.
  • In the last year, premium Decreased by 6%. While peers Increased an average of 2%.
Average

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 32nd percentile compared to peers.
  • In the last year, LCM Decreased by 18%. While peers Increased an average of 2%.
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.

  • 12% of peers have changed carriers since last year. Those who did, saw a 8% decrease in premium vs those who stayed with their current provider had a 0.7% decrease, roughly 11x those who stayed with their current provider.
  • Of those who changed carriers, 1.8% increased their LCM vs those who stayed with their current provider who saw a 1.9% increase.
  • Current Carrier's market share is in the 75th percentile at 1.5% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2022

1.671
2022
12-31-2021

1.671
2021

-
2021

-
2021

1.510
2021
08-14-2020

2.050
2021
08-14-2020

-
2021
08-14-2020

1.700
2020

2.050
2020

1.480
2020
08-14-2020

-
2019

1.920
2019

-
2019

1.480
2018

1.920
2018

-
2018

1.440
2017

1.920
2017

-
2016

-
2016

-
2015

-
2015

-
2014

-
2014

-
2013
08-26-2012

-
2012
08-14-2012

-

Contacts

Sgsqcrm Gendz
Owner
(327) 180-2725
b29d2

be1
(595) 860-7225
21d

Industry Classification

Motor Carrier