L. Sue Morrison & Kristine A Frey dba The UPS Store #1005

590 CENTERVILLE RD
LANCASTER, PA 17601

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 Very Good, in the 32nd percentile compared to peers.
  • In the last year, LCM Decreased by 8%. While peers Increased an average of 2%.
Good

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.

  • 10% of peers have changed carriers since last year.
  • Of those who changed carriers, 0.1% increased their LCM vs those who stayed with their current provider who saw a 2.1% increase.
  • Current Carrier's market share is in the 50th percentile at 1.7% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022
12-01-2021

1.558
(Current: 1.646)
2021

1.700
2020

2.000
2020
12-01-2019

1.575
2019

1.220
2018

1.220
2017

1.200
2017
12-01-2016

1.500
2017
12-01-2016

1.200
2016

1.500
2016
12-01-2015

2.210
2015

2.039
2014

-
2013

-
2013
12-01-2012

-
2012

-
2011

-
2011
12-01-2010

-
2010

-
2009

-

Contacts

Industry Classification