Webb Communications Inc

1 Maynard Street
Williamsport, PA 17701

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 100th 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 6th 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.

  • 28% of peers have changed carriers since last year. This might indicate carriers are competing aggresively for similar businesses to cover.
  • Of the 28% of peers who changed carriers, This might indicate carriers are competing aggresively for similar businesses to cover.
  • Current Carrier's market share is in the 99th percentile at 17.2% 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

Similar Businesses

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2024

1.130
2023

1.130
2022

1.130
2021

1.130
2020

1.080
2019

1.080
2018

1.080
2017

1.080
2016

1.080
2015

1.080
2014

-
2013

-
2012

-
2011

-
2011
04-11-2011

-
2010

-
2010

-
2009

-
2009

-

Contacts

Hzdera Wfkacjc
Co-Founder
(538) 600-4861
pjsevwwj@nmczlduc.wji

VEZYF OASJUYMT
Benefits Admin
(180) 426-9089
5d82

Mxloi Y Kjvt
Chairman of the Board
(197) 004-3277
214

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TKobn@EyoryxTrtqzyru.ysn

Industry Classification

Retirement Benefits

Financials

202220212020201920182017201620152014201320122011
BOY Assets: $ 2,790,425 $ 9,127,016 $ 269,879 $ 1,460,142 $ 9,280,778 $ 2,702,797 $ 5,908,990 $ 5,705,700 $ 8,257,448 $ 7,330,610 $ 194,387 $ 502,784
Liabilities: $ 0 $ 17 $ 76 $ 0 $ 9 $ 4 $ 11 $ 9
EE Contrib: $ 101,508 $ 111,265 $ 35,353 $ 728,544 $ 591,382 $ 619,564 $ 205,111 $ 65,386 $ 394,824 $ 87,855 $ 850,572 $ 342,398
Emp Contrib: $ 47,899 $ 93,212 $ 23,278 $ 84,545 $ 80,691 $ 60,086 $ 91,348 $ 55,101 $ 57,311 $ 12,124 $ 55,964 $ 92,221
Income/Loss:($ 414,052) $ 976,459 $ 344,913 $ 538,964($ 81,601) $ 678,923 $ 44,948($ 5,745) $ 54,710 $ 364,990 $ 666,958($ 39,190)
Total Income:($ 264,645) $ 888,498 $ 656,604 $ 77,946 $ 47,022 $ 416,942 $ 843,977 $ 981,316 $ 877,440 $ 90,422 $ 60,750 $ 948,190
Paid Benefits: $ 172,718 $ 65,992 $ 958,314 $ 8,154 $ 556,663 $ 247,100 $ 81,465 $ 27,114 $ 340,444 $ 993,718 $ 97,694 $ 238,976
Expenses: $ 0 $ 4 $ 316 $ 8,212 $ 4,428 $ 963 $ 76 $ 40 $ 6 $ 5,933
  Commission: $ 19,499 $ 73,281 $ 593 $ 59 $ 2 $ 441 $ 970 $ 7,185 $ 6,170 $ 655
Net Income:($ 456,862) $ 945,721 $ 422,657 $ 159,504($ 123,971) $ 407,016 $ 450,408 $ 78,061 $ 86,590 $ 491,730 $ 986,397 $ 460,470
Net Assets: $ 2,333,563 $ 2,767,084 $ 8,071,677 $ 369,397 $ 440,807 $ 8,564,623 $ 4,820,809 $ 3,679,035 $ 1,814,895 $ 92,075 $ 4,193,383 $ 900,132

Participants

202220212020201920182017201620152014201320122011
Total Participants:7443611434074038734364540
Active Part.:6199386652933676013f4fa1e
Retired Part.:44bb1e840c5bdff5b8f5bb
Deceased Part.:135234442a8212cad6

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2E - Profit-sharing

    2F - ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.

    2G - Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.

    2J - Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.

    2K - Stock bonusCode section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.

    2T - Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

    3D - Pre-approved pension plan - A master, prototype, or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

    3H - Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).


OSHA

Motor Carrier