GK CONSTRUCTION LLC

1238 TOM SAWYER RD
DRIPPING SPRINGS, TX 78620

Talking Points

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 Very Good, in the 7th percentile compared to peers.
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 Very Good, in the 4th percentile compared to peers.
  • LCM Decreased by more than 75% of 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.

  • 8% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 5.3% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.407
2022

1.600
2022

1.490
2021

1.600
2021

1.490
2020

1.600
2020

1.490
2019

1.500
2019

1.520
2019

1.520
2018

-
2018

1.520
2018

1.520
2018

1.520
2017
11-02-2016

-
2016

1.398
2016

1.398
2016
10-23-2015

-
2015

-
2014

-
2014

-
2013

-
2012

-

Contacts

Lzd Jifwtwu
Principal
(174) 782-8866
004

f9
(785) 851-0088
115

6ea
(770) 466-8033
bf44

Industry Classification