SHINN D INC
1408 HAINES AVE
WILMINGTON, DE 19809
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 isvery good. It is in the 0th percentile compared to peers.
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 isHigherthan 78% of peers.
- Shopping around for a carrier that would provide a more competative tier would make sense.
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.
- 11% of peers have changed carriers since last year.
- Current Carrier's market share is in the 99th percentile at 29.2% of the market.
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.
Business Stats
Policy History
| Term | Exp. Mod | Carrier | LCM |
|---|---|---|---|
| 2022 |
1.900 | ||
| 2021 |
1.900 | ||
| 2020 |
1.900 | ||
| 2019 05-09-2019 |
2.331 | ||
| 2018 05-09-2018 |
2.331 | ||
| 2017 05-09-2017 |
2.124 | ||
| 2016 05-09-2016 |
1.954 | ||
| 2015 05-09-2015 |
2.124 | ||
| 2014 05-09-2014 |
- | ||
| 2013 |
- | ||
| 2012 05-09-2012 |
- | ||
| 2011 |
- | ||
| 2010 |
- | ||
| 2009 |
- | ||
| 2008 05-09-2008 |
- | ||
| 2007 05-09-2007 |
- | ||
| 2007 12-01-2007 |
- | ||
| 2006 |
- | ||
| 2006 05-09-2006 |
- | ||
| 2005 05-09-2005 |
- | ||
| 2004 05-09-2004 |
- | ||
| 2003 |
- | ||
| 2002 |
- | ||
| 2002 05-09-2001 |
- | ||
| 2002 12-01-2002 |
- | ||
| 2001 |
- |
Contacts
Industry Classification
Roofing
Roofing, Siding, and Sheetmetal Work
Ceiling or Wall Installation--Metal
98677
Roofing--Commercial or Residential Over Three Stories
98678
Roofing--Residential--Three Stories & Under
98884
Sheet Metal Work--Outside
98967
Siding Installation
Retirement Benefits
Financials
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BOY Assets: | $ 1,129,864 | $ 99,206 | $ 801,383 | $ 123,294 | $ 775,985 | $ 658,950 | $ 506,728 | $ 153,640 | $ 773,956 | $ 634,506 | $ 235,595 |
| Liabilities: | $ 0 | $ 71 | $ 3 | $ 691 | $ 3 | $ 5 | $ 385 | $ 76 | |||
| EE Contrib: | $ 86,237 | $ 34,259 | $ 31,873 | $ 50,234 | $ 91,889 | $ 89,501 | $ 3,127 | $ 40,729 | $ 55,088 | $ 85,535 | $ 36,375 |
| Emp Contrib: | $ 35,625 | $ 33,688 | $ 1,276 | $ 66,434 | $ 17,138 | $ 61,205 | $ 13,745 | $ 16,525 | $ 83,168 | $ 64,671 | $ 7,493 |
| Income/Loss: | $ 106,130 | $ 958,384 | ($ 93,293) | $ 393,391 | $ 80,355 | ($ 19,356) | $ 6,704 | $ 57,382 | $ 24,016 | ($ 5,681) | $ 15,760 |
| Total Income: | $ 227,992 | $ 335,059 | $ 38,326 | $ 235,718 | $ 776,037 | $ 46,559 | $ 80,624 | $ 739,484 | $ 748,799 | $ 56,261 | $ 16,371 |
| Paid Benefits: | $ 0 | $ 619 | $ 86,606 | $ 213 | $ 41,383 | $ 4,991 | $ 88 | $ 823,203 | $ 0 | $ 94,236 | $ 8 |
| Expenses: | $ 0 | $ 40 | $ 65 | $ 63 | $ 35 | $ 4 | $ 12 | ||||
| Commission: | $ 5,069 | $ 9,950 | $ 6,118 | $ 8,411 | $ 9,505 | $ 1,971 | $ 545 | $ 1,800 | $ 2,057 | $ 2,246 | $ 6 |
| Net Income: | $ 222,923 | $ 676,585 | $ 2,848 | $ 678,210 | $ 56,987 | $ 94,560 | $ 66,081 | ($ 1,245) | $ 197,067 | $ 72,765 | $ 78,459 |
| Net Assets: | $ 1,352,787 | $ 4,672,419 | $ 817,582 | $ 469,579 | $ 11,415 | $ 856,388 | $ 510,721 | $ 4,250 | $ 899,587 | $ 276,974 | $ 662,672 |
参与者
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Participants: | 26 | 78 | 21 | 16 | 73 | 08 | 24 | 00 | 66 | 13 | 35 |
| Active Part.: | 18 | 18 | 18 | 28 | 15 | 36 | 00 | 8de | 1 | 9 | 303 |
| Retired Part.: | 0 | ae | 4c | 4d | 4c | 6 | f | 4 | c | aa | |
| Deceased Part.: | f4 | 43 | 7 | 4 | 6 | d | 3 | 8f | a | f3d |
Insurance
No Insurance CoverageProviders
No ProvidersFeatures
2A- Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
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.
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.