RHEUMATOLOGY ASSOCIATES

10001 N WALDROP
ARLINGTON, TX 76012

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 Higher than 99% of peers.
  • In the last year, premium Increased by 29%. While peers Increased an average of 7%.
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 in-line with peers, in the 46th percentile.
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.

  • 7% of peers have changed carriers since last year. Those who did, saw a 18.4% decrease in premium vs those who stayed with their current provider had a 8.7% increase, roughly 2x those who stayed with their current provider.
  • Current Carrier's market share is in the 99th percentile at 69.3% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023
PEO
0.900
2022
PEO
0.900
2021
PEO
1.080
2021
PEO
1.080
2020
PEO
1.080
2015

-
2014

-

Contacts

SXQB QLYUMADLFG
Benefits Admin
(865) 665-8472
10c8

Industry Classification