Primary Staffing Services, Inc

1525 Oregon Pike Suite 301
Lancaster, PA 17601

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 69th percentile.
  • There was a recent mod increase.
Needs Attention

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 46th percentile.
  • In the last year, LCM Increased by 6%. While peers Increased an average of 2%.
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.

  • 18% of peers have changed carriers since last year.
  • Of those who changed carriers, 6.5% decreased their LCM vs those who stayed with their current provider who saw a 3.9% increase.
  • Current Carrier's market share is in the 75th percentile at 5.7% of the market.
Average

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.870
(Current: 2.100)
2021

-
2020
12-27-2020

1.770
2019

1.720
2018
12-27-2017

1.607
2018
12-27-2018

2.250
2017
05-15-2017

2.789
2016

2.702
2015

2.549
2014

-
2013

-
2012

-
2011

-
2010
05-15-2010

-
2009
05-15-2009

-

Contacts

d9c
(219) 378-2820
hycsvayzo@zlvnndvgdmh.ysc

Industry Classification