NATIONAL INK & STITCH LLC

7610 MEADOW RUN LN UNIT B
OWINGS, MD 20736

Talking Points

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 56% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 28%. While peers Increased an average of 6%.
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.

  • 7% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 50th percentile at 3.5% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier LCM
2022

1.729
(Current: 1.986)
2022
11-23-2021

1.350
2021

1.350
2021
10-19-2020

1.876
2020

1.771
2020
06-06-2019

1.729
2019

1.771
2018

1.149
2017

1.149
2016

1.574

Contacts

Txkzdoa Qrqjut
President
(187) 763-2105
nicvp@snosyhoexfwkcrmhsptn.tic

Industry Classification