DUTY CONSTRUCTION INC

1507 HADDON ST
HOUSTON, TX 77006

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 35th percentile.
Good

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 71% 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.
  • Current Carrier's market share is in the 99th percentile at 59.2% of the market.
Good

OSHA

Most employers with 10 or more employees are required to maintain injury and illness records, known as the 300 log. In the event of an inspection, this information will likely be requested. Even without injury or claim, the proper documentation should be readily available on a location by location basis. These logs are critical but simple to maintain.

  • Businesses with serious and/or repeat violations should be provided with risk management practices to eliminate unnecessary risk and minimize what must exist in current processes.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.693
2023

1.407
2022

1.407
2022

1.693
2022

1.110
2022

1.407
2022

1.048
2021

1.693
2021

1.490
2021

1.490
2021

1.110
2021

1.932
2020

1.693
2020

1.859
2020

1.520
2020

1.490
2020

1.859
2020

1.932
2020

1.520
2020

1.490
2019

1.520
2019

1.520
2019

1.520
2019

1.153
2019

1.520
2019

-
2019

1.520
2018

-
2018

1.520
2018

1.520
2017

-
2017

1.136
2016

-
2015

-
2015

-

Contacts

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Vice President
(335) 489-1513
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Fwzhdq Ybpe
President
(516) 353-3816
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Industry Classification


OSHA

Motor Carrier