Kennedy Concrete Inc

570 Dutchtown Rd
Ashland, PA 17921

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 in-line with peers, in the 51st percentile.
  • Mod decreased by more than 75% of peers.
Average

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 88% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • LCM Increased by more than 75% of peers.
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.

  • 10% of peers have changed carriers since last year.
  • Of those who changed carriers, 1.3% decreased their LCM vs those who stayed with their current provider who saw a 2.5% increase.
  • Current Carrier's market share is in the 75th percentile at 1.9% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

2.310
2022
10-13-2021

2.200
2021
10-13-2021

1.540
2020

1.506
2019
10-13-2019

1.888
2018

1.834
2017

1.834
2017
10-13-2016

2.018
2016

1.992
2015

1.700
2014

-
2013

-
2012

-
2012
10-13-2011

-
2011

-
2011
10-13-2010

-
2010

-
2009

-

Contacts

Gl Izoqmru Ft
President
(335) 778-7631
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Industry Classification