KERS ENTERPRISES LLC

209 E EDGEWOOD DR
FRIENDSWOOD, TX 77546

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.
  • Premium increase and carrier group change may indicate a claim occurrence.
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 32nd percentile.
  • In the last year, premium Increased by 79%. While peers Increased an average of 1%.
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 in-line with peers, in the 39th percentile.
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.

  • 8% of peers have changed carriers since last year. Those who did, saw a 3.6% decrease in premium vs those who stayed with their current provider had a 1.8% increase, roughly 2x those who stayed with their current provider.
  • Current Carrier's market share is in the 50th percentile at 0.6% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2022

1.630
(Current: 1.760)
2021

1.630
2020

1.500
2020

1.140
2019

1.140
2018

1.200
2017

1.250
2016

1.250

Contacts

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Social Media Manager
(014) 354-4179
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Principal
(149) 357-6549
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Manager
(342) 139-9013
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(237) 948-2788
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Industry Classification