MIDWEST GOLF CAR & EQUIPMENT CO

904 THORNGATE RD
GRANITE CITY, IL 62040

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • 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 in-line with peers, in the 67th percentile.
  • In the last year, premium Decreased by 5%. While peers Increased an average of 1%.
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 12.1% decrease in premium vs those who stayed with their current provider had a 0.3% increase, roughly 44x those who stayed with their current provider.
  • Current Carrier's market share is in the 50th percentile at 0.6% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium
2022

2021

2020

2019

2018

2017

2016

2016
12-01-2015

2015

2014

Contacts

Mznh Jwstl
Owner
(881) 228-8211
mjymxwifyvex@nbicpjvo.rpi

Industry Classification