H P Motors Inc

38 Albe Dr, Ste 14
Newark, DE 19702

Talking Points

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 15%. While peers Increased an average of 3%.
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.

  • 6% of peers have changed carriers since last year.
  • Of those who changed carriers, 7% decreased their LCM vs those who stayed with their current provider who saw a 3.7% increase.
  • Current Carrier's market share is in the 1st percentile at 5.9% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.620
2023
07-12-2022

1.407
2022

1.407
2021

2.385
2020

2.385
2019

2.385
2018

2.385
2017

2.223
2016

2.223
2015

2.179
2014

-
2013

-
2012

-
2011

-
2010

-
2010
07-12-2009

-
2009

-

Contacts

Feqfdra Penirp
President
(402) 892-5615
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Industry Classification