All American Awards & Engraving LLC

511 Main St
Shippenville, PA 16254

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 Higher than 70% 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.

  • 6% of peers have changed carriers since last year.
  • Of those who changed carriers, 7.5% decreased their LCM vs those who stayed with their current provider who saw a 2.9% increase, a difference of roughly 3x.
  • Current Carrier's market share is in the 95th percentile at 4% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

2.020
2021

1.950
2020
08-15-2020

1.540
2019

1.590
2018

1.590
2017

1.565
2016

1.589
2015

1.550
2014

-
2014
08-14-2013

-
2013

-

Contacts

Edujg Slvczfw
Owner
(717) 972-8597
qusinvdu@knfspligheqoz.gjz

Industry Classification