NATIONAL WALL COVERINGS INC

9145 REISTERSTOWN RD
OWINGS MILLS, MD 21117

Talking Points

For the Agent

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

  • Increasing LCM and decreasing market share may indicate carrier is tightening underwriting guidelines and/or has written higher risk accounts that they are less willing to fight for.
Needs Attention

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 94% 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.

  • 5% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 2.2% of the market.
Good

Business Stats

Policy History

Term Carrier LCM
2023

2.349
2022

2.349
2021

2.270
2020
05-07-2019

2.225
2019

2.103
2018

1.829
2017

1.690
2016

1.842
2015

1.842

Contacts

Rvce Ryiyvx
Owner
(742) 206-9066
e50

Industry Classification