Romtec Utilities Inc

18240 N BANK RD
ROSEBURG, OR 97470


Commercial Insurance Overview

Romtec Utilities Inc is based in Douglas county in Oregon. They operate in the Manufacturing industry, specifically in Prefabricated Metal Buildings, which is a low risk industry. It is worth putting effort into risk management to be able to leave the Assigned Risk pool.

Having been with the same worker's comp carrier for 6 years, it may be wise to shop around. We see commercial coverage for them in 12 states including Arizona, California, Colorado, Georgia, Illinois, Missouri, Montana, Nebraska, Nevada, Oregon, South Carolina, North Carolina.

The LCM is the rate that is applied to a carrier, representing the risk covered by that carrier. The current carrier's LCM is 1.090. An LCM of 1.090 is pretty good. More details on how it compares can be seen below. Their LCM has decreased -30% which is a good sign. They either shifted to a better carrier tier, or were placed with a better carrier.

Premium Comparison

This chart represents the range and distribution that carriers are charging per $100 of payroll for businesses similar to Romtec Utilities Inc. This can give you an idea of what carriers might best fit your business.

$3.85$0.75
Erie Ins Grp
$1.50
$1.04$2.30
Berkshire Hathaway Grp
$2.20
$1.20$2.08
Hartford Fire & Cas Grp
$1.91
$0.83$3.56
Travelers Grp
$1.32
$0.85$3.85
Amtrust Ngh Grp
$1.85
$1.00$2.30
State Farm Grp
$2.09
$1.14$2.10
Selective Ins Grp
$3.03
$1.10$3.43
Markel Corp Grp
$2.06
$1.40$2.39
Proassurance Corp Grp
$1.65
$1.00$1.73
Liberty Mut Grp
$1.56
$0.75$3.20

Market Comparison for Romtec Utilities Inc

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 7th percentile compared to peers.
  • In the last year, LCM Decreased by 30%. While peers Increased an average of 18%.
Average

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.
  • Of those who changed carriers, 22% decreased their LCM vs those who stayed with their current provider who saw a 17.4% decrease.
  • Current Carrier's market share is in the 95th percentile at 84.8% of the market.
Good

Business Owners

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Policy Renewal Date
Current Carrier
Policy Number
Class Code
SIC Code
NAICS Code
LCM
Multiple Locations
Multi State
Carrier Tenure
Revenue
Employees
Contact Email
Contact Phone
Website
Benefits
DOT
Loss Cost
FEIN
Coverage History


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Carriers & Underwriters

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  • Competitive Account Won/Loss
  • Competitive Class distribution
  • Appetite Analysis
  • Market Share Analysis

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