Precision Fiber Splicing LLC

28 Green Acre Rd
Lititz, PA 17543

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 very good. It is in the 21st percentile compared to peers.
  • Mod decreased by more than 75% of peers.
Good

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 13th percentile compared to peers.
  • LCM Decreased by more than 75% of peers.
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.

  • 9% of peers have changed carriers since last year.
  • Of those who changed carriers, 2.6% decreased their LCM vs those who stayed with their current provider who saw a 4.5% increase.
  • Current Carrier's market share is in the 99th percentile at 23.1% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.499
2022
10-30-2021

1.764
2021

1.680
2020

1.631
2019

1.631
2018

1.631
2017

1.673
2016

1.632

Contacts

Industry Classification

Motor Carrier