Chivers Construction Co., Inc.

6700 TOW Road
Fairview, PA 16415

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 in-line with peers, in the 49th percentile.
  • Mod decreased by more than 75% of peers.
Average

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 59% 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.

  • 15% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 4.3% of the market.
Average

OSHA

Most employers with 10 or more employees are required to maintain injury and illness records, known as the 300 log. In the event of an inspection, this information will likely be requested. Even without injury or claim, the proper documentation should be readily available on a location by location basis. These logs are critical but simple to maintain.

  • Businesses with serious and/or repeat violations should be provided with risk management practices to eliminate unnecessary risk and minimize what must exist in current processes.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.878
(Current: 1.940)
2021

1.878
2020

1.878
2019

1.750
2018

1.615
2017

1.615
2016

1.615
2016
06-30-2016

1.615
2016
06-30-2016

1.615
2015

1.540
2014

-
2013

-
2012
12-31-2012

-
2011

-
2010

-
2009
12-31-2009

-

Contacts

Pavox Rvjhrud
President
(592) 770-8873
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Benefits Admin
(668) 958-6715
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Benefits Admin
(705) 512-7398
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Benefits Admin
(868) 286-6090
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Owner
(124) 157-8063
hknaadii@itkpvllkcnmwofqrpon.wbm

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okixojlw@ohlflxfxaqicwolpltc.ulj

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 2,187,564 $ 1,596,771 $ 3,424,395 $ 1,288,612 $ 1,546,034 $ 8,151,425 $ 1,928,571 $ 5,045,953 $ 656,904 $ 599,530 $ 4,503,058 $ 785,880
Liabilities: $ 0 $ 2,917 $ 15 $ 4 $ 14 $ 736 $ 4 $ 18
EE Contrib: $ 131,041 $ 880,418 $ 176,961 $ 2,257 $ 76,832 $ 19,051 $ 46,693 $ 5,336 $ 97,356 $ 92,698 $ 56,676 $ 11,912
Emp Contrib: $ 49,795 $ 76,850 $ 80,818 $ 17,501 $ 98,793 $ 60,393 $ 60,960 $ 94,611 $ 34,314 $ 8,283 $ 94,435 $ 96,078
Income/Loss: $ 365,662 $ 723,943 $ 788,333($ 71,742) $ 798,567 $ 30,365 $ 76,428 $ 75,640 $ 195,632 $ 591,220($ 27,111) $ 769,303
Total Income: $ 546,498 $ 348,896 $ 790,450 $ 39,908 $ 332,829 $ 935,279 $ 61,587 $ 607,120 $ 325,322 $ 939,814 $ 9,165 $ 146,671
Paid Benefits: $ 572,892 $ 800,267 $ 39,630 $ 90,349 $ 414,358 $ 193,670 $ 81,371 $ 6,012 $ 121,878 $ 73,478 $ 124,561 $ 17,300
Expenses: $ 0 $ 3 $ 0 $ 6 $ 6
  Commission: $ 13,356 $ 12,278 $ 5,583 $ 17,612 $ 45,268 $ 7,674 $ 624 $ 241 $ 8,817 $ 4,112 $ 613 $ 2,889
Net Income:($ 39,750)($ 71,601) $ 194,508($ 27,207) $ 804,977($ 2,385) $ 82,256 $ 761,214 $ 653,779 $ 82,488($ 822,746) $ 402,976
Net Assets: $ 2,147,814 $ 3,909,400 $ 5,428,914 $ 2,733,318 $ 1,323,952 $ 6,160,964 $ 7,197,677 $ 6,569,891 $ 1,985,399 $ 42,048 $ 957,071 $ 528,884

Participants

202120202019201820172016201520142013201220112010
Total Participants:423878749959050477901945
Active Part.:4100718858083305e657ebe
Retired Part.:d5966b8df1b165117177b9b
Deceased Part.:cc84684f6c6c226e46f4 28ef 2

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2E - Profit-sharing

    2F - ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.

    2G - Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.

    2J - Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.

    2K - Stock bonusCode section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.

    2T - Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

    3D - Pre-approved pension plan - A master, prototype, or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.


OSHA

Motor Carrier