Building Security Systems Inc

328 RICHLAND
BUSHKILL, PA 18324

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 67th percentile.
  • 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 Higher than 95% 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.

  • 11% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 13% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

-
2023

3.073
2022

-
2022

3.073
2021

-
2021

1.283
2021

2.728
2020

-
2020

1.283
2020

2.346
2019

-
2019

1.283
2019

2.174
2018

-
2018

1.283
2018

2.174
2017

-
2017

1.283
2017

2.069
2016

-
2016

1.283
2015

-
2014

-

Contacts

Nse Snebro
Director of Business Development and Training
(608) 025-5312
aijk@xqgndvdkagiifclw.myo

Industry Classification