Gunnip & Co LLP

2751 Centerville Rd, Ste 300
Wilmington, DE 19808

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.
  • Mod decreased by more than 75% of peers.
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 Very Good, in the 3rd percentile compared to 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.

  • 4% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 30% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.101
2022

1.101
2021

1.101
2020

1.101
2019

1.020
2018

1.020
2017

2.069
2016

2.069
2016
01-01-2015

1.867
2015

1.744
2014

-
2013

-
2012

-
2012
01-01-2011

-
2011

-
2010

-
2010
01-01-2009

-
2009

-
2009
01-01-2008

-

Contacts

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Marketing Manager
(022) 234-1454
dtlt@gkbxul.wvl

Industry Classification