Robert P Lafazia T/a Lafazia Construction

149 BELMONT DR
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 high. It is in the 79th percentile compared to peers.
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 65% 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.

  • 15% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 5.8% of the market.
Good

OSHA

Most employers with 10 or more employees are required to maintain injury and illness records, known as the 300 log. In the event of an inspection, this information will likely be requested. Even without injury or claim, the proper documentation should be readily available on a location by location basis. These logs are critical but simple to maintain.

  • Businesses with serious and/or repeat violations should be provided with risk management practices to eliminate unnecessary risk and minimize what must exist in current processes.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.853
2021

1.853
2020

1.853
2019

1.853
2018

1.909
2017
11-30-2017

2.553
2016

2.491
2015

2.491
2014

-
2013

-
2013

-
2012

-
2012

-
2012
08-29-2011

-
2012
08-29-2011

-
2012
11-30-2011

-
2012
11-30-2011

-
2011
07-28-2010

-
2011
07-28-2010

-
2010

-
2010

-
2010
03-14-2009

-
2010
03-14-2009

-
2010
03-19-2009

-
2010
03-19-2009

-
2009

-
2009

-

Contacts

Bgxerc HF Gvmps
Owner
(761) 396-1395
cb121

Industry Classification


OSHA

Motor Carrier