Chuck Moller T/a Mastercraft Welding

PO Box 101
Woodside, DE 19980

Talking Points

Experience Mod Rating

Mod is an indication of how risky a company is to insure. It is based on a company's claim history.

  • Experience Mod is in-line with peers, in the 46th percentile.
  • There was a recent mod increase.
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 78% 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.

  • 11% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 14.3% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.853
2020

1.853
2019

1.853
2018

3.119
2017
12-20-2017

2.874
2016

2.804
2015

2.804
2014

-
2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

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Owner
(827) 422-6155
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Industry Classification