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.

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 69% of peers.
• Shopping around for a carrier that would provide a more competative tier would make sense.
• In the last year, LCM Increased by 2%. While peers Increased an average of 2%.

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.

• 10% of peers have changed carriers since last year.
• Of those who changed carriers, 17% decreased their LCM vs those who stayed with their current provider who saw a 4.2% increase, a difference of roughly 4x.
• Current Carrier's market share is in the 25th percentile at 10% of the market.