Almars Outboards Inc

701 WASHINGTON ST
NEW CASTLE, 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 in-line with peers, in the 39th percentile.
  • There was a recent mod decrease.
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 70% 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.

  • 7% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 10.5% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

2.170
2021

2.170
2020

2.170
2019

1.970
2018

1.970
2017

1.880
2016

1.880
2015

1.810
2014

-
2013

-
2012

-
2011

-
2010

-
2009
11-15-2009

-

Contacts

Ufmmzl Vexysrwat
Owner
(361) 879-2554
vdmiycb@nphhpnieawvzasz.rur

Industry Classification