ROGER LAMBERT DBA ROGER LAMBERT CONS

5555 KIRN RD
FALLON, NV 89406

Talking Points

Premium

Worker's Comp premium is based on two key factors - the LCM your carrier has filed to use, and the total payroll you run over the policy term, which is multiplied by the rate to determine premium. Comparing premium to businesses in the same industry and of similar size can indicate how fair your WC insurance provider's costs are relative to the market.

  • Premium is Higher than 86% of peers.
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 82% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
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.

  • 17% of peers have changed carriers since last year. Those who did, saw a 5.7% decrease in premium vs those who stayed with their current provider had a 6.6% increase.
  • Current Carrier's market share is in the 95th percentile at 15.4% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.520
2022

1.520
2021

1.449
2020

1.449
2020
05-15-2019

2.080
2020
10-01-2019

1.500
2019
05-15-2019

1.513
2018
05-15-2018

1.425
2017

1.425
2016

0.000
2015

1.287
2014

1.683
2013

1.683
2012

1.683

Contacts

Zgjur Ljoxyjc
Owner
(892) 880-2697
b0

Industry Classification