Blue Plate Minds Inc

PO Box 1428
Paoli, PA 19301

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 73% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 10%. While peers Increased an average of 4%.
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.
  • Current Carrier's market share is in the 99th percentile at 25.5% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

2.218
2021

2.016
2020

-
2020

-
2019

-
2019

-
2018
12-01-2018

1.680
2018
12-01-2018

1.680
2017

1.680
2017
12-01-2017

1.680
2016

1.680
2016
12-01-2016

1.680
2015

1.680
2015
11-18-2015

1.680
2014

-
2014

-
2013

-
2013
12-01-2013

-
2012

-
2012

-
2011

-
2011
12-01-2011

-
2010

-
2010

-
2009

-
2009

-

Contacts

Bcpkidv Ymfox
President
(395) 877-4808
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Industry Classification