FERGUSON EACS LLC

1303 S OAK GROVE RD
ENNIS, TX 75119

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 in-line with peers, in the 35th percentile.
  • In the last year, premium Decreased by 1%. While peers Increased an average of 1%.
Average

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 74% 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.

  • 8% of peers have changed carriers since last year. Those who did, saw a 6.6% decrease in premium vs those who stayed with their current provider had a 0.4% decrease, roughly 15x those who stayed with their current provider.
  • Current Carrier's market share is in the 1st percentile at 0.1% of the market.
Needs Attention

Similar Businesses

Business Stats

Policy History

Term Carrier Premium LCM
2024

1.750
2023

1.750
2022

1.680
2021

1.680
2020

1.680
2019

1.980
2018

1.510
2017

1.980
2016

-
2015

-

Contacts

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Owner
(352) 623-1331
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Industry Classification