Hillcrest Farms Peat Moss LLC

1211 Newark Rd
Toughkenamon, PA 19374

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 in-line with peers, in the 41st percentile.
  • In the last year, LCM Decreased by 5%. While peers Increased an average of 1%.
Average

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.

  • 5% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 8.1% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.850
2022

1.940
2021

1.910
2020

2.310
2019

2.310
2018

2.310
2017

-

Contacts

Industry Classification