VILLAGRAN MARCIAL

3642 BOULDER HWY, TRLR 428
LAS VEGAS, NV 89121

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • Premium decrease and carrier tier change may indicate competitive situation and incumbent prevailed.
Needs Attention

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 76% of peers.
  • In the last year, premium Increased by 27%. While peers Increased an average of 3%.
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 Very Good, in the 29th percentile compared to peers.
  • In the last year, LCM Increased by 3%. While peers Increased an average of 5%.
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.

  • 13% of peers have changed carriers since last year.
  • Of those who changed carriers, 12.3% decreased their LCM vs those who stayed with their current provider who saw a 7.2% increase.
  • Current Carrier's market share is in the 95th percentile at 16.4% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2024

1.223
2023

1.190
2022

1.040
2021

1.040
2020

1.000
2019

1.000
2018

1.000
2016
03-14-2015

1.530
2015
01-01-2015

1.530
2014

1.530

Contacts

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Manager
(429) 349-7190
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Industry Classification