SPINSHEET PUBLISHING CO

612 THIRD ST STE 3C
ANNAPOLIS, MD 21403

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 Very Good, in the 14th percentile compared to peers.
Good

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.
  • Current Carrier's market share is in the 95th percentile at 9.9% of the market.
Good

Business Stats

Policy History

Term Carrier LCM
2022

1.050
2021

1.050
2020

1.050
2019

1.050
2019

-
2017

1.050
2016

1.050
2015

0.960

Contacts

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(229) 381-9010
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Industry Classification