KEYSTONE CARPETS INC

12325 N ELDRIDGE PKWY
CYPRESS, TX 77429

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 37th percentile.
  • In the last year, premium Decreased by 27%. While peers Increased an average of 2%.
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 6th percentile compared to peers.
  • In the last year, LCM Decreased by 37%. While peers Increased an average of 3%.
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.

  • 12% of peers have changed carriers since last year. Those who did, saw a 13.2% decrease in premium vs those who stayed with their current provider had a 3.2% increase, roughly 4x those who stayed with their current provider.
  • Current Carrier's market share is in the 95th percentile at 10.7% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2024

1.103
2023
10-22-2022

1.760
2022
10-20-2021

1.630
2021

1.630
2020

1.500

Contacts

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(177) 030-8254
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Industry Classification