AS WIRELESS INC

6845 HIGHWAY 92, STE 110
WOODSTOCK, GA 30189

Talking Points

For the Agent

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

  • A break in policy terms may indicate inconsistent work load which can result in substandard employment.
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 Very Good, in the 17th percentile compared to peers.
Good

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 72% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • LCM Increased by more than 75% of peers.
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.

  • 7% of peers have changed carriers since last year.
  • Of those who changed carriers, 1.1% increased their LCM vs those who stayed with their current provider who saw a 4.2% increase.
  • Current Carrier's market share is in the 25th percentile at 0.3% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

2.100
2022
10-04-2021

1.300
2021

1.250
2020

1.250
2020
10-01-2019

2.366
2019

2.366
2018

2.158

Contacts

Hkjue Xvnzp
Principal
(938) 987-0724
803c4

Industry Classification