FIXTURES & FITTINGS INC

7026 OLD KATY RD, STE 171
HOUSTON, TX 77024

Talking Points

For the Agent

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

  • 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 39th percentile.
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 1st percentile compared to peers.
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.

  • 6% of peers have changed carriers since last year. Those who did, saw a 4.6% decrease in premium vs those who stayed with their current provider had a 2.3% increase, roughly 2x those who stayed with their current provider.
  • Current Carrier's market share is in the 50th percentile at 0.3% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.100
2022

1.100
2022

1.788
2021

1.788
2020

1.788
2019

1.788
2018

1.727
2017

1.727

Contacts

Eadmg Ncurn
Principal
(959) 913-9632
vtdh@dezemfnzexxk.egs

Industry Classification