TRUST ONE INSURANCE AGENCY LLC

PO BOX 123
RINDGE, NH 03461

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 in-line with peers, in the 50th percentile.
Average

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.

  • 5% of peers have changed carriers since last year.
  • Of those who changed carriers, 4.7% 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 95th percentile at 7.1% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier LCM
2023

1.400
2022

1.373
2021

1.373

Contacts

2
(285) 651-9528
2550

Industry Classification