Tech 2000 Woodworks Inc

110 Jayhawk Dr
Jeannette, PA 15644

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 98th 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 92% 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.

  • 14% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 9.2% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

2.400
2021

2.400
2021
09-24-2020

1.920
2020

1.440
2019

1.440
2018

1.440
2017

1.440
2016

1.440
2015

1.080
2014

-
2014
02-01-2014

-
2014
02-01-2014

-
2013

-
2013

-
2013

-
2012

-
2012

-
2012

-
2012

-
2012
11-24-2012

-
2011

-
2011

-
2011

-
2010

-
2009
01-10-2009

-

Contacts

Elumm Weyatl
President
(028) 882-9954
e2b

Industry Classification

Motor Carrier