CHEROKEE SEPTIC TANKS INC

817 SHADY GROVE RD
MURPHY, NC 28906

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 62nd 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 100% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • LCM Increased 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.
  • Current Carrier's market share is in the 1st percentile at 6.3% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

2.570
2023

2.172
2022

1.790
2022

1.380
2021

1.790
2021

1.380
2020

1.630
2020

1.380
2019

2.230
2019

1.790
2018

1.790
2017

1.790
2016

1.790

Contacts

a
(134) 651-0356
321

Industry Classification

Motor Carrier