MIRASON SAFETY LLC

83 MARSHALL RD
MERIDEN, CT 06450

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.
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 Higher than 62% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 6%. While peers Increased an average of 10%.
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.

  • 7% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 37.8% of the market.
Good

Business Stats

Policy History

Term Carrier LCM
2023

1.220
2022

1.234
2022
11-30-2021

1.772
2021

-
2021

1.032
2021

1.668
2021

-
2020

1.270
2020

-
2019

1.270
2018

1.453
2017

1.453
2016

1.453

Contacts

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(956) 037-5423
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Registered Agent
8309
250

Industry Classification