Hecnys Enterprises LLC

26 Prestbury Sq
Newark, DE 19713

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 in-line with peers, in the 73rd percentile.
  • Mod decreased by more than 75% of peers.
Average

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 80% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • LCM Decreased by more than 75% of peers.
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.

  • 13% of peers have changed carriers since last year.
  • Of those who changed carriers, 5.1% decreased their LCM vs those who stayed with their current provider who saw a 0.7% increase, a difference of roughly 8x.
  • Current Carrier's market share is in the 75th percentile at 7.5% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

2.690
2021

2.868
2021
01-01-2020

2.868
2020

2.868
2019

2.658
2018

2.658
2017

2.396
2016

2.178
2015

2.008
2015
11-17-2014

2.008
2014

2.008
2014
01-01-2014

-
2013

-
2012

-
2011

-
2010

-
2010
02-24-2010

-
2009

-

Contacts

5
(024) 670-1592
d5a20

Industry Classification