Michael Sohanic T/a Painters Touch

6056 N Worthington Rd
Doylestown, PA 18902

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 44th percentile.
  • In the last year, LCM Increased by 4%. While peers Increased an average of 4%.
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.

  • 19% of peers have changed carriers since last year.
  • Of those who changed carriers, 3.3% decreased their LCM vs those who stayed with their current provider who saw a 4.2% increase.
  • Current Carrier's market share is in the 75th percentile at 7.6% of the market.
Average

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.789
(Current: 1.790)
2021

1.720
2020

1.853
2019

1.853
2018

1.909
2017
11-16-2017

2.553
2016

2.491
2015

2.491
2014

-
2013

-
2012

-
2011

-
2011
05-29-2010

-
2010

-
2009

-

Contacts

Pjaglcc Uokongu
Principal
(242) 878-4827
64d

d08
(839) 010-5760
a27e

Industry Classification