WACO PRODUCTS INC

1330 KNECHT AVE
BALTIMORE, MD 21229

Talking Points

For the Agent

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

  • A break in policy terms may indicate inconsistent work load which can result in substandard employment.
  • 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 Very Good, in the 12th 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.

  • 21% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 6.9% of the market.
Average

Business Stats

Policy History

Term Carrier LCM
2022

1.275
(Current: 1.351)
2021
03-16-2021

1.275
2020

1.257
2019

1.149
2018

1.149
2017

1.107
2016

1.582
2015

1.582

Contacts

Msra Eydwgh
President
(552) 211-8956
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Industry Classification

Motor Carrier