ALLTIME WIRELESS IL INC

6317 S COTTAGE GROVE AVE
CHICAGO, IL 60637

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 28th percentile.
  • In the last year, premium Increased by 1%. While peers Increased an average of 5%.
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 21st percentile compared to peers.
  • In the last year, LCM Increased by 2%. While peers Increased an average of 7%.
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.

  • 11% of peers have changed carriers since last year. Those who did, saw a 15.1% decrease in premium vs those who stayed with their current provider had a 8% increase.
  • Current Carrier's market share is in the 99th percentile at 23.1% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2022

1.395
(Current: 1.550)
2021

1.370
2020

-
2020
05-24-2019

-
2019

-
2019

-
2019
01-08-2019

-
2018

-
2018

-
2018

-
2018
08-24-2017

-

Contacts

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(395) 943-1448
0904e

Industry Classification