PASS COMM GROUP INC

2900 LAURA LN
LITHIA SPRINGS, GA 30122

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 42nd percentile.
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 in-line with peers, in the 36th percentile.
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.

  • 18% of peers have changed carriers since last year. Those who did, saw a 10.8% decrease in premium vs those who stayed with their current provider had a 0.3% decrease, roughly 35x those who stayed with their current provider.
  • Of those who changed carriers, 1.4% decreased their LCM vs those who stayed with their current provider who saw a 5% increase.
  • Current Carrier's market share is in the 99th percentile at 14.5% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023
05-29-2022

1.451
2022
01-29-2022

1.450
2022
08-12-2022
AR
1.700
2022
08-12-2022
AR
1.900
2021
AR
1.650
2021
AR
1.900
2021
01-29-2021

1.390
2020
AR
1.650
2020
AR
-
2019
AR
1.650
2019
AR
-
2018
AR
1.650
2017
08-12-2017
AR
1.650

Contacts

06
(622) 848-1697
9ca3

Industry Classification