BHP Industries Inc

155 N Dupont Hwy Unit 1
Dover, DE 19901

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 Very Good, in the 1st 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.

  • 16% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 3.5% of the market.
Average

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.020
2022

1.020
2021
01-01-2021

1.020
2020
01-01-2020

1.020
2019
01-01-2019

1.248
2018
01-01-2018

1.248
2017
01-01-2017

1.248
2016
01-01-2016

1.248
2015
01-01-2015

1.248
2014
01-01-2014

-
2013

-
2012
01-01-2012

-

Contacts

c
(112) 333-7355
wxhwtfe@nkfqhftw.cis

Industry Classification