Drake Well Drilling Inc

141 Tunnel Hill Rd
Factoryville, PA 18419

Talking Points

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.
  • In the last year, LCM Increased by 11%. While peers Increased an average of 2%.
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.

  • 13% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 6.3% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

2.500
2021

2.250
2020

1.720
2020
11-22-2019

1.642
2019

1.642
2018

1.642
2017

1.602
2016

1.602
2015

1.540
2014

-
2013

-
2012

-
2011

-
2010

-
2009
11-22-2009

-

Contacts

Vghmt Neaqf
Owner
(736) 112-2096
408a

Industry Classification

Motor Carrier