KGZ 91 ROOFING CO INC

1122 N 32ND AVE, APT 23
MELROSE PARK, IL 60160

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 decreased after the policy was bound. Did payroll drop, or a last minute credit?
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 Very Good, in the 5th percentile compared to peers.
  • In the last year, premium Decreased by more than 75% of peers.
Good

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 73% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
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 0.6% increase in premium vs those who stayed with their current provider had a 2.3% increase.
  • Current Carrier's market share is in the 95th percentile at 18.5% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2022
10-20-2021
AR
1.900
2021
06-25-2021
AR
1.900
2020
AR
-
2019
02-27-2019
AR
-
2018
07-14-2017
AR
-
2018
02-27-2018
AR
-
2017
AR
-
2017
06-29-2016
AR
-
2016
07-29-2015
AR
-

Contacts

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Registered Agent
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(232) 580-1660
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Industry Classification

Motor Carrier