Zook Industries LLC

212 W Main St
Collegeville, PA 19426

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 very good. It is in the 2nd percentile compared to peers.
  • There was a recent mod decrease.
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 3rd percentile compared to 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.

  • 13% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 3% of the market.
Average

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.215
(Current: 1.250)
2021

1.215
2020

1.135
2019

1.036
2018

1.036
2018
09-26-2017

2.023
2017

1.851
2016

1.631
2015

1.504
2014

-
2014
09-26-2013

-
2013
09-26-2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

5e8
(404) 514-7855
83b

Industry Classification