BALL DPF LLC

307 E MULBERRY ST
SHERMAN, TX 75090

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 93% of peers.
  • In the last year, premium Increased by 12%. While peers Increased an average of 1%.
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 Higher than 63% 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.

  • 7% of peers have changed carriers since last year. Those who did, saw a 14.3% decrease in premium vs those who stayed with their current provider had a 0.2% increase, roughly 63x those who stayed with their current provider.
  • Current Carrier's market share is in the 75th percentile at 1.8% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.700
2023

-
2023

1.440
2023

-
2022

1.700
2022

-
2022

1.440
2022

-
2021

1.650
2021

1.440
2021

-
2020

1.650
2020

-
2020

1.440
2020

-
2019

1.650
2019

1.440
2018

-
2018

1.695
2018

1.300
2018
01-11-2018

-
2017

-
2017

-
2017

1.300
2017
01-11-2017

1.695
2016

-
2016

1.200
2016

1.200
2016
01-11-2016

1.695
2015

-
2015

-
2015

-
2015
01-11-2015

1.695
2014

-
2014
01-11-2014

-

Contacts

Q Rraz Dfocdkwp
Chief Financial Officer
(189) 254-8227
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Industry Classification