MITCHELL METALS LLC

1761 MCCOBA DR SE STE A
SMYRNA, GA 30080

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • A break in policy terms may indicate inconsistent work load which can result in substandard employment.
Needs Attention

Premium

Worker's Comp premium is based on two key factors - the LCM your carrier has filed to use, and the total payroll you run over the policy term, which is multiplied by the rate to determine premium. Comparing premium to businesses in the same industry and of similar size can indicate how fair your WC insurance provider's costs are relative to the market.

  • Premium is in-line with peers, in the 57th percentile.
  • In the last year, premium Decreased by 95%. While peers Increased an average of 10%.
Average

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 18th percentile compared to peers.
  • In the last year, LCM Decreased by 44%. While peers Increased an average of 4%.
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.

  • 18% of peers have changed carriers since last year. Those who did, saw a 49.1% decrease in premium vs those who stayed with their current provider had a 1.4% increase, roughly 36x those who stayed with their current provider.
  • Of those who changed carriers, 0.7% decreased their LCM vs those who stayed with their current provider who saw a 5.9% increase.
  • Current Carrier's market share is in the 99th percentile at 26.4% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.000
2023

1.250
2023

1.393
2023

1.590
2023

1.360
2022

1.778
2022

1.622
2022

-
2022

1.392
2022

1.590
2022

1.360
2022
10-25-2022

-
2021

1.779
2021

1.379
2021

1.625
2021

-
2021

-
2021

1.392
2021

1.590
2021

1.360
2021

1.587
2020

1.779
2020

1.625
2020

-
2020

-
2020

1.392
2020

1.590
2020

1.355
2020

1.587
2019

1.779
2019

-
2019

1.625
2019

1.392
2019

-
2019

1.355
2019
10-25-2019

-
2018

1.779
2018

1.575
2018

-
2018

-
2018

1.392
2018

-
2018
10-25-2017

1.454
2017

1.454
2017

1.871
2017

-
2016

-
2016

1.854
2016

0.000
2015

-
2015

1.483
2015

-
2015

1.347
2014

-
2014

-
2014

-
2013

-

Contacts

Eucf Rqlvqgal
Owner
(177) 908-3088
zrfeq@uerrxmoqelacke.fwe

Industry Classification