KS WAVES LLC

2800 MERCHANT DR
KNOXVILLE, TN 37912

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 95% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
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 95th percentile at 16.7% of the market.
Good

Business Stats

Policy History

Term Carrier LCM
2023

2.490
2022

2.490
2021

2.490
2020

2.490
2019

2.490
2018

2.401

Contacts

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(789) 310-8741
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Industry Classification