GP ASSOCIATES NC INC

7048 KNIGHTDALE BLVD
KNIGHTDALE, NC 27545

Talking Points

Experience Mod Rating

Mod is an indication of how risky a company is to insure. It is based on a company's claim history.

  • Experience Mod is in-line with peers, in the 28th percentile.
  • Mod increased 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 in-line with peers, in the 50th percentile.
  • In the last year, LCM Decreased by 15%. While peers Increased an average of 5%.
Average

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.

  • 5% of peers have changed carriers since last year.
  • Of those who changed carriers, 1.2% decreased their LCM vs those who stayed with their current provider who saw a 5.7% increase.
  • Current Carrier's market share is in the 75th percentile at 0.9% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.362
(Current: 1.367)
2023

1.417
2023

1.650
2023
03-10-2022

1.640
2023
03-10-2022

-
2023
03-10-2022

1.000
2022

1.640
2022

-
2022

1.600
2022

1.650
2021

1.640
2021

-
2021

-
2021

1.600
2021

1.650
2020

1.640
2020

-
2020

-
2020

1.600
2020

-
2019

1.640
2019

1.600
2019

-
2018

1.420
2017

1.420

Contacts

M YQNOO
Benefits Admin
(915) 500-8791
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Mdlqe, Rgtiuge E.
Registered Agent
(345) 710-2458
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(411) 779-4654
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Industry Classification