PODOLEY DAN

6000 LAUREL BOWIE RD # 210C
BOWIE, MD 20715

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 74% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 7%. While peers Increased an average of 7%.
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.

  • 2% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 57.4% of the market.
Good

Business Stats

Policy History

Term Carrier LCM
2022

2.367
(Current: 2.704)
2021

2.207
2020

2.083
2019

2.083
2018

1.642
2017

1.642
2016

1.574
2015

1.574

Contacts

1
(757) 504-5520
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Industry Classification