NEARLY PERFECT INC

PO BOX 737
CHESTERFIELD, MO 63006

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 Very Good, in the 13th percentile compared to peers.
  • In the last year, LCM Decreased by 11%. While peers Increased an average of 5%.
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.

  • 18% of peers have changed carriers since last year.
  • Of those who changed carriers, 3.3% increased their LCM vs those who stayed with their current provider who saw a 5.6% increase.
  • Current Carrier's market share is in the 75th percentile at 17.6% of the market.
Average

Business Stats

Policy History

Term Carrier LCM
2023

0.772
2022

0.870
2021

0.870
2020

0.850
2019

0.810
2018

-

Contacts

Rnjh Jhzenre
Principal
(261) 989-9721
5e63d

Industry Classification