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.
• Increasing LCM and decreasing market share may indicate carrier is tightening underwriting guidelines and/or has written higher risk accounts that they are less willing to fight for.
• Premium increased after the policy was bound. Did payroll jump for some reason or was a credit removed?

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 30th percentile.
• In the last year, premium Decreased by 1%. While peers Increased an average of 4%.

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 54th percentile.
• In the last year, LCM Increased by 8%. While peers Increased an average of 7%.

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. Those who did, saw a 7.9% decrease in premium vs those who stayed with their current provider had a 4.6% increase.
• Of those who changed carriers, 3.4% decreased their LCM vs those who stayed with their current provider who saw a 7.4% increase.
• Current Carrier's market share is in the 50th percentile at 0.1% of the market.