AUSTIN LEGACY MASONRY LLC

3939 US HIGHWAY 80 E, # 168B
MESQUITE, TX 75150

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 7th percentile compared to peers.
  • In the last year, premium Decreased by more than 75% of 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 Very Good, in the 2nd percentile compared to peers.
  • LCM Decreased by more than 75% of peers.
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.

  • 10% of peers have changed carriers since last year. Those who did, saw a 15.4% decrease in premium vs those who stayed with their current provider had a 2.8% increase, roughly 6x those who stayed with their current provider.
  • Of those who changed carriers, 3% decreased their LCM vs those who stayed with their current provider who saw a 0% decrease, a difference of roughly 278x.
  • Current Carrier's market share is in the 75th percentile at 1.1% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.196
2022

1.693
2022

1.196
2022
06-30-2021

1.950
2021

1.693
2021

1.960
2021

1.196
2020

1.693
2020

1.707
2020

1.390
2019

-
2019

1.645
2019

1.390
2018

1.390

Contacts

a8
(370) 075-4803
28d4

Industry Classification