ZECONOMY INC

2531 MILL GRAIN WAY
FUQUAY VARINA, NC 27526

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

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 14th percentile compared to peers.
Good

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.

  • 6% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 9.4% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2023
PEO
1.460
2023
PEO
1.155
2023
PEO
1.489
2023
PEO
1.082
2023
PEO
-
2023
PEO
1.100
2022
PEO
1.402
2022
PEO
1.155
2022
PEO
1.408
2022
PEO
1.031
2022
PEO
-
2022
12-11-2021

1.781
2022
12-11-2021

1.223
2021

1.740
2021

1.177
2020

-

Contacts

Industry Classification