Rudy's Fabricating & Machine Inc

40 Fishpot Rd
Fredericktown, PA 15333

Talking Points

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 7th percentile compared to peers.
  • In the last year, LCM Decreased by 31%. While peers Increased an average of 1%.
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.

  • 7% of peers have changed carriers since last year.
  • Of those who changed carriers, 5.3% decreased their LCM vs those who stayed with their current provider who saw a 1.3% increase, a difference of roughly 4x.
  • Current Carrier's market share is in the 99th percentile at 31.9% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.199
2021

1.750
2021
11-10-2020

2.200
2020

1.800
2019

1.720
2018

1.720
2017
05-04-2017

1.565
2016

1.565
2015
11-10-2015

2.549
2014
11-10-2014

-
2013
11-10-2013

-
2012
11-10-2012

-
2011

-
2010
11-10-2010

-
2009

-

Contacts

Jokkij Dwqg
President
(914) 116-0948
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Industry Classification


OSHA

Motor Carrier