MURPHY MACHINE INC

6822 WASHINGTON AVE S
EDEN PRAIRIE, MN 55344

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 very good. It is in the 0th percentile compared to peers.
  • Mod increased 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 Very Good, in the 31st 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.

  • 11% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 15.8% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.770
2022

1.770
2021

1.770
2020

1.770
2019

-
2018

-

Contacts

Bslik Nzdttu
President
(277) 638-5787
kkp@grfqrbffejhpe.fxz

Ubxuf Rxrznu
President
(524) 293-3073
eda

Industry Classification