BATTLEBORO HARDWARE & SUPPLY LLC

P O BOX 580
BATTLEBORO, NC 27809

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 4th percentile compared to peers.
  • LCM Decreased by more than 75% of 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.

  • 10% of peers have changed carriers since last year.
  • Of those who changed carriers, 5.1% decreased their LCM vs those who stayed with their current provider who saw a 1% increase, a difference of roughly 5x.
  • Current Carrier's market share is in the 1st percentile at 0.5% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.000
2022

1.189
2021

1.189
2020

1.189
2019
09-19-2019

1.189
2018

1.189
2017

1.189
2016

1.189
2015

1.189
2014

1.189
2013

1.189

Contacts

Exfy Koorku
Owner
(305) 923-5480
9454

Industry Classification