Voshell Bros Welding Inc

1769 Kenton Rd
Dover, DE 19904

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 Higher than 88% 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.

  • 23% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 1st percentile at 7.7% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.900
2022

1.900
2022

2.100
2021

1.900
2021

2.100
2020

1.900
2020

2.100
2019

2.100

Contacts

Industry Classification

Motor Carrier