CUT RATE SPORTING GOODS INC

12800 GULF FWY
HOUSTON, TX 77034

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.
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 Higher than 76% of peers.
  • In the last year, premium Decreased by more than 75% of peers.
Needs Attention

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 28th percentile compared to peers.
  • 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.

  • 8% of peers have changed carriers since last year. Those who did, saw a 9.6% decrease in premium vs those who stayed with their current provider had a 6.3% increase.
  • Of those who changed carriers, 8.8% decreased their LCM vs those who stayed with their current provider who saw a 1.5% increase, a difference of roughly 6x.
  • Current Carrier's market share is in the 95th percentile at 20.9% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2022

1.223
2021

1.177
2020

1.177
2019

1.177
2018

1.177
2017

1.191
2016

1.191
2015

-

Contacts

Ynx K Lgfyw
Principal
(215) 374-2697
ndftxfyy@stmlagqmkbsqgmmeersajo.fld

Industry Classification