Wilmington Insurance Company Inc

1403 Silverside Rd Suite 3B
Wilmington, DE 19810

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 34th 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.

  • 9% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 1st percentile at 4.5% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier Premium LCM
2023

1.450
2023

1.250
2022

1.300
2022

1.250
2021

1.250
2021

1.250
2020

1.250
2020

1.250
2020
06-15-2019

2.000
2019

2.000
2018

2.000
2017

2.000
2016

1.970
2015

1.970
2014

-
2013

-
2012

-
2011

-
2010

-
2009

-
2009
06-15-2008

-

Contacts

WYJWPS BVUKS
Benefits Admin
(634) 313-5315
8f7

GZCOGQ GPKP
Benefits Admin
(539) 942-9986
1f498

Fritmf Nybg
President
(062) 137-0306
0f67b

Industry Classification

Retirement Benefits

Financials

20212020
BOY Assets: $ 630,021 $ 388,368
Liabilities: $ 0 $ 23
EE Contrib: $ 38,632 $ 9,364
Emp Contrib: $ 18,579 $ 78,299
Income/Loss: $ 117,221 $ 92,573
Total Income: $ 174,432 $ 632,883
Paid Benefits: $ 0 $ 4
Expenses: $ 0
  Commission: $ 8,640 $ 2,414
Net Income: $ 165,792 $ 309,964
Net Assets: $ 795,813 $ 524,839

Participants

20212020
Total Participants:67
Active Part.:45
Retired Part.:f5c
Deceased Part.:3

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2E - Profit-sharing

    2F - ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.

    2G - Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.

    2J - Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.

    2K - Stock bonusCode section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.

    3D - Pre-approved pension plan - A master, prototype, or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.