DATT EXPRESS CORP

650 W GRAND AVE, STE 314
ELMHURST, IL 60126

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.
  • Premium increased after the policy was bound. Did payroll jump for some reason or was a credit removed?
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 Higher than 96% of peers.
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 Higher than 72% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Decreased by 1%. While peers Increased an average of 0%.
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.

  • 11% of peers have changed carriers since last year.
  • Of those who changed carriers, 13.3% decreased their LCM vs those who stayed with their current provider who saw a 1.3% increase, a difference of roughly 10x.
  • Current Carrier's market share is in the 95th percentile at 11.3% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

2.110
2023

2.316
2023

1.790
2022
04-27-2022

2.140
2021

1.830
2021
09-07-2020

2.110
2020
AR
-
2019
AR
-
2018
AR
-

Contacts

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President
(344) 856-1066
klvlvh@tumrodgbxbb.abp

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(547) 529-8194
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(919) 436-7943
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Industry Classification

Motor Carrier