Universal Concrete Products

400 Old Reading Pike, Suite 100
Pottstown, PA 19464

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 90th 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 Higher than 67% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 13%. While peers Increased an average of 4%.
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.

  • 9% of peers have changed carriers since last year.
  • Of those who changed carriers, 18.5% decreased their LCM vs those who stayed with their current provider who saw a 6% increase, a difference of roughly 3x.
  • Current Carrier's market share is in the 95th percentile at 13.3% of the market.
Needs Attention

OSHA

Most employers with 10 or more employees are required to maintain injury and illness records, known as the 300 log. In the event of an inspection, this information will likely be requested. Even without injury or claim, the proper documentation should be readily available on a location by location basis. These logs are critical but simple to maintain.

  • Businesses with serious and/or repeat violations should be provided with risk management practices to eliminate unnecessary risk and minimize what must exist in current processes.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.850
2022

1.511
2022
10-01-2022

1.630
2021

1.511
2021

1.630
2021
06-30-2021

1.450
2020

1.404
2020

1.450
2020

2.302
2020

1.511
2020

1.630
2020

1.330
2020

1.450
2020
09-01-2019

1.710
2019

1.868
2019

1.868
2019

1.710
2019

1.511
2019

1.511
2019

1.630
2019

1.404
2019
10-27-2019

1.330
2018

1.710
2018

-
2018

1.630
2018

1.330
2018

1.404
2018
12-21-2017

1.330
2017

1.710
2017

-
2017

1.630
2017

1.299
2016

1.710
2016

1.710
2016

-
2016

1.630
2016

1.299
2016
12-31-2015

1.855
2016
03-18-2016

1.330
2015

1.855
2015

1.710
2015

1.330
2015

1.710
2015

-
2015

1.299
2015
10-01-2015

1.990
2014

-
2014

-
2014

-
2014

-
2014

-
2014
01-26-2014

-
2013

-
2013

-
2013

-
2013

-
2012

-
2012

-
2012

-
2012

-
2012

-
2012

-
2012

-
2012
06-01-2012

-
2012
06-01-2012

-
2012
12-01-2012

-
2012
12-01-2012

-
2011

-
2011

-
2011

-
2011

-
2011

-
2010

-
2010

-
2009

-
2009

-

Contacts

Ylvnro Svkox Rx
President
(571) 283-4864
70d05

Industry Classification


OSHA