Silver Star Meats Inc

PO Box 393
McKees Rocks, PA 15136

Talking Points

For the Agent

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

  • 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 high. It is in the 100th 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 Very Good, in the 10th percentile compared to peers.
  • In the last year, LCM Decreased by 31%. While peers Increased an average of 4%.
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.

  • 19% of peers have changed carriers since last year.
  • Of those who changed carriers, 3.3% decreased their LCM vs those who stayed with their current provider who saw a 4.2% increase.
  • Current Carrier's market share is in the 25th percentile at 0% of the market.
Needs Attention

OSHA

Most employers with 10 or more employees are required to maintain injury and illness records, known as the 300 log. In the event of an inspection, this information will likely be requested. Even without injury or claim, the proper documentation should be readily available on a location by location basis. These logs are critical but simple to maintain.

  • Businesses with serious and/or repeat violations should be provided with risk management practices to eliminate unnecessary risk and minimize what must exist in current processes.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.199
2020

-
2019

-
2018

1.750
2017

1.800
2016

1.800
2016
11-16-2015

1.800
2015

1.620
2014
11-16-2014

-
2013
11-16-2013

-
2012

-
2011
11-15-2011

-
2010

-
2009
11-16-2009

-

Contacts

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Chief Operating Officer
(770) 172-9098
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Benefits Admin
(536) 522-4266
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Benefits Admin
(167) 219-8121
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Principal
(819) 232-2364
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President
(153) 496-4244
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Industry Classification


OSHA

Motor Carrier