Brian Bower T/a Bower Cable Construction

50 Spur Rd
Bethel, PA 19507

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 78% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • LCM Increased by more than 75% of peers.
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.

  • 11% of peers have changed carriers since last year.
  • Of those who changed carriers, 11.1% decreased their LCM vs those who stayed with their current provider who saw a 0.1% increase, a difference of roughly 136x.
  • Current Carrier's market share is in the 1st percentile at 1.5% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

2.640
2021

2.098
2020

1.908
2019

2.385
2018

2.385
2017

2.223
2016

2.223
2015

2.179
2014

-
2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

Gonsq Ilpqo
Owner
(054) 311-9311
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Industry Classification