T A Cochran & Son LLC

807 Washington St
HST Newcastle, DE 19720

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 91st percentile compared to peers.
  • Mod decreased by more than 75% of 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 83% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 36%. While peers Increased an average of 0%.
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.

  • 17% of peers have changed carriers since last year.
  • Of those who changed carriers, 5.9% decreased their LCM vs those who stayed with their current provider who saw a 0.8% increase, a difference of roughly 8x.
  • Current Carrier's market share is in the 99th percentile at 16.9% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

2.170
2021

1.590
2020

1.590
2019

1.590
2018

1.590
2017

1.320
2017

1.357
2017
11-30-2016

1.642
2016

1.642
2016
11-30-2015

1.880
2015

1.810
2014

-
2014
11-30-2013

-
2013

-
2012

-
2011

-
2010

-
2009

-
2009
11-30-2008

-

Contacts

sazulgpv v krynyit
(985) 650-8029
stqzwj@yqqzggz.nhd

Industry Classification