Shainline Excavating Inc

800 Township Line Rd
Phoenixville, PA 19460

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • A break in policy terms may indicate inconsistent work load which can result in substandard employment.
  • Increasing LCM and decreasing market share may indicate carrier is tightening underwriting guidelines and/or has written higher risk accounts that they are less willing to fight for.
Needs Attention

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 41st 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 81% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 3%. While peers Increased an average of 0%.
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.

  • 15% of peers have changed carriers since last year.
  • Of those who changed carriers, 5.4% decreased their LCM vs those who stayed with their current provider who saw a 1% increase, a difference of roughly 5x.
  • Current Carrier's market share is in the 95th percentile at 12.7% of the market.
Needs Attention

Business Stats

County
FEIN
Bureau ID
Renewal Mod
PEO
Employees
Sales
OSHA Violations
OSHA Penalty Amount
Drivers
Power Units
Auto Carrier

Policy History

Term Exp. Mod Carrier LCM
2023

2.084
(Current: 2.172)
2022
07-26-2022
2.026
2021

2.026
2020
09-30-2020
2.250
2020
09-30-2020
2.250
2019

2.250
2019

3.187
2019

2.250
2018

1.484
2018
09-30-2018
1.484
2017
09-30-2017
1.986
2016

1.986
2015

1.986
2014

-
2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

Vqnd Exgkkxrng
President
(041) 735-3809
jqirpxoycw@cvtbmzijf.bql
Ushg Jtomcb
Chief Executive Officer
(711) 649-7296
pisbtlqngvc@ptnkj.krf
ORGO J. USDBKYOCS, NQX
Benefits Admin
(835) 607-9571
559c

Industry Classification

Industry
Class
 Gas Steam Or Water Main Const.
Loss Cost
NAICS
 
SIC
 Water, Sewer, and Utility Lines
Related GL Codes* 91302
Cable Installation in Conduits or Subways
91577
Conduit Construction for Cables or Wires
91588
Contractors--Subcontracted Work--In Connection with Bridge, Tunnel, Elevated Street or Highway Construction, Reconstruction or Repair
91586
Contractors--Subcontracted Work--In Connection with Oil and Gas Field Construction, Reconstruction or Repair
91587
Contractors--Subcontracted Work--In Connection with Pipeline (Other Than Oil or Gas) or Communication or Power Line Construction, Reconstruction or Repair
92446
Electric Light or Power Line Construction
Related Class Codes*
Related SIC Codes*

Retirement Benefits

Financials

2022202120202019201820172016201520142013201220112010
BOY Assets: $ 1,105,325 $ 709,063 $ 9,313,235 $ 956,173 $ 7,234,400 $ 905,587 $ 6,109,863 $ 3,414,122 $ 1,197,990 $ 2,592,347 $ 9,638,314 $ 1,953,363 $ 8,228,753
Liabilities: $ 0 $ 6 $ 46 $ 83 $ 3 $ 6 $ 9 $ 512 $ 4
EE Contrib: $ 37,016 $ 7,856 $ 92,252 $ 91,495 $ 7,040 $ 39,931 $ 28,719 $ 3 $ 43,701 $ 86,856 $ 21,784 $ 75,666 $ 81,812
Emp Contrib: $ 96,935 $ 6,749 $ 9,876 $ 222,961 $ 17,614 $ 1 $ 7,263 $ 1 $ 2 $ 93,830
Income/Loss:($ 190,945) $ 846,606 $ 637,009 $ 595,989($ 48,564) $ 683,801 $ 87,417 $ 64,147 $ 845,749 $ 649,933 $ 638,790 $ 94,450 $ 584,299
Total Income:($ 56,994) $ 584,757 $ 399,530 $ 844,672 $ 5,324 $ 369,186 $ 82,510 $ 61,153 $ 28,542 $ 759,036 $ 783,012 $ 26,409 $ 673,313
Paid Benefits: $ 62,174 $ 27,505 $ 886,618 $ 643,805 $ 854,829 $ 5,431 $ 91,967 $ 515,684 $ 807,837 $ 61,810 $ 246,225 $ 814,391 $ 9,419
Expenses: $ 0 $ 45 $ 29 $ 5 $ 5 $ 0 $ 5 $ 0 $ 2
  Commission: $ 14,397 $ 6,543 $ 23,293 $ 85,362 $ 52,776 $ 22,530 $ 76,096 $ 74,386 $ 15,959 $ 27,726 $ 2,732 $ 2 $ 8
Net Income:($ 133,565) $ 389,416($ 193,776) $ 490,910($ 898,802) $ 162,738($ 46,911)($ 191,814)($ 898,526) $ 279,381 $ 52,390($ 83,923) $ 751,102
Net Assets: $ 971,760 $ 3,309,707 $ 62,832 $ 3,810,264 $ 675,587 $ 5,379,059 $ 643,338 $ 6,853,068 $ 4,396,255 $ 2,397,168 $ 9,005,854 $ 7,576,294 $ 2,962,567

Participants

2022202120202019201820172016201520142013201220112010
Total Participants:42935346999170492183610722
Active Part.:2737686096229769216ea0 6
Retired Part.:e8742997afb37bdbb852c
Deceased Part.:2e8 65bd8624 78e5f48 ea2

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.

Motor Carrier

Class Codes - Just The Start


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