LGL Cable Company Inc

835 Berks St
Reading, PA 19605

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 83rd 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 71% 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.

  • 8% of peers have changed carriers since last year.
  • Of those who changed carriers, 3.1% decreased their LCM vs those who stayed with their current provider who saw a 4.4% increase.
  • Current Carrier's market share is in the 75th percentile at 4.3% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

2.130
2020

2.081
2019

2.081
2018

2.081
2017

1.931
2016

1.931
2015

1.931
2014

-
2013

-
2012

-
2011

-
2010
12-13-2010

-
2009
12-13-2009

-

Contacts

Kwxrm Yppmqlyo
President
(228) 398-3205
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Industry Classification