NEIM SERVICES LLC

3309 STATE ROUTE 2014
CLIFFORD TOWNSHIP, PA 18421

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.
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 60th percentile.
  • There was a recent mod increase.
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 94% 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.

  • 18% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 1st percentile at 1.8% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.305
2022

-
2022

3.026
2021

-
2021

3.026
2021
04-12-2021

2.600
2020

1.908
2019

1.908
2018

1.908
2017

-
2017

2.223
2016

2.223
2016
09-18-2015

2.868
2015

2.724
2014
09-18-2014

-
2013

-
2013
07-27-2012

-
2012
12-05-2011

-
2010
03-14-2010

-
2009

-

Contacts

Umz Vgisttyjn
Principal
(134) 435-8564
056bf

Industry Classification

Motor Carrier