PERRY & ASSOCIATES PC

PO BOX 2340
JOSEPH, OR 97846

Talking Points

For the Agent

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

  • Increasing LCM and decreasing market share may indicate carrier is tightening underwriting guidelines and/or has written higher risk accounts that they are less willing to fight for.
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 75% 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 1%.
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.

  • 3% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 12.1% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.852
2022

-
2022

1.750
2021

1.750
2020

1.750
2019

1.500

Contacts

523
(225) 109-2989
ac0f

9f5
(749) 449-9042
6f95

Industry Classification