JACKSON MARKING PRODUCTS CO INC

9105 N RAINBOW LN
MOUNT VERNON, IL 62864

Talking Points

For the Agent

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

  • Premium increase and carrier group change may indicate a claim occurrence.
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 27th percentile.
  • In the last year, premium Increased by more than 75% of peers.
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.

  • 12% of peers have changed carriers since last year. Those who did, saw a 17.2% decrease in premium vs those who stayed with their current provider had a 5.7% increase, roughly 3x those who stayed with their current provider.
  • Current Carrier's market share is in the 1st percentile at 0.3% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

-
2023
10-15-2022

-
2022

-
2021

-
2021
10-15-2020

1.470
2020

-
2019

-
2018

-
2017

-
2016

-
2015
10-15-2015

-
2014

-
2014
10-15-2013

-

Contacts

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Owner
(870) 740-7281
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Industry Classification