DALLAS LITE & BARRICADE INC

PO BOX 223786
DALLAS, TX 75222

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 4th 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 Higher than 79% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
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.

  • 13% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 28.2% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.932
2022

1.932
2020

1.693
2019

1.693
2018

-
2017

1.300
2017

-
2016

-
2015

-
2014

-

Contacts

Uawht Etscgv
President
(344) 210-3857
lvzajvtuswrr@meecr.qby

67
(440) 006-6222
mdcc@tfhfjr.hlt

Industry Classification

Motor Carrier