First State Underground LLC

32353 Smith Drive
Dagsboro, DE 19939

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 high. It is in the 100th percentile compared to peers.
  • 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 in-line with peers, in the 47th percentile.
  • In the last year, LCM Increased by 0%. While peers Increased an average of 4%.
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.

  • 6% of peers have changed carriers since last year.
  • Of those who changed carriers, 1% increased their LCM vs those who stayed with their current provider who saw a 4.7% increase.
  • Current Carrier's market share is in the 1st percentile at 5.6% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.581
2021

1.577
2020

1.577
2019

1.577
2018

1.577
2017

1.539
2016

1.539
2015
09-12-2015

1.480
2014
09-12-2014

-
2013
03-24-2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

aab
(002) 654-7899
5f9

Industry Classification

Motor Carrier