DEXTER SYSTEMS INC

19490 SANDRIDGE WAY STE 320
LEESBURG, VA 20176

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 in-line with peers, in the 39th percentile.
  • In the last year, LCM Increased by 8%. While peers Increased an average of 4%.
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.

  • 8% of peers have changed carriers since last year.
  • Of those who changed carriers, 6% decreased their LCM vs those who stayed with their current provider who saw a 5.1% increase.
  • Current Carrier's market share is in the 95th percentile at 26.3% of the market.
Good

Business Stats

Policy History

Term Carrier LCM
2023

1.300
(Current: 0.852)
2022

1.015
2022

1.300
2022

1.120
2021

1.015
2021

1.300
2021

1.035
2020

0.985
2020

1.300
2020

1.433
2019

1.433
2019
04-21-2019

0.985
2018

0.985
2018

1.433
2017

0.949
2017

1.433
2016

0.949
2016

1.433
2015

1.433
2014

-

Contacts

1
(451) 360-6289
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(536) 038-7643
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Industry Classification