CENTRAL TEXAS BUSINESS SYSTE MS INC

PO BOX 122115
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 in-line with peers, in the 37th percentile.
  • In the last year, premium Decreased by 1%. While peers Increased an average of 3%.
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 in-line with peers, in the 45th 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.

  • 8% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 47.3% of the market.
Good

Similar Businesses

Business Stats

Policy History

Term Carrier Premium LCM
2024

1.674
2023

1.674
2022

1.674
2021

1.612
2020

1.612
2019

1.612
2018

1.612
2017

1.628

Contacts

Vxdujzf Amoqy
(276) 100-2274
wisapxtodtr@jmulkwlws.soe

Industry Classification