DEW ELECTRIC INC
189 ENTERPRISE LANE
CONNELLSVILLE, PA 15425
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.
LCM Rate
When you get coverage from a Carrier, you are placed in one of their 'Carrier Tiers' (An insurance company under the carrier's umbrella). These individual tiers get a rating from the bureau referred to as an LCM, which effects the premium you pay.
- The LCM of the Current Carrier is in-line with peers, in the 37th percentile.
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.
- 6% of peers have changed carriers since last year.
- Of those who changed carriers, 10% decreased their LCM vs those who stayed with their current provider who saw a 4.5% increase, a difference of roughly 2x.
- Current Carrier's market share is in the 95th percentile at 10.8% of the market.
Business Stats
County
费恩
Bureau ID
Renewal Mod
PEO
Employees
Sales
OSHA Violations
OSHA Penalty Amount
Drivers
Power Units
Auto Carrier
Policy History
Term | Exp. Mod | Carrier | LCM |
---|---|---|---|
2021 |
1.680 (Current: 1.764) |
||
2020 |
1.631 | ||
2019 |
1.631 | ||
2018 |
1.631 | ||
2017 |
1.673 | ||
2016 |
1.632 | ||
2015 |
1.632 | ||
2014 |
- | ||
2013 |
- | ||
2012 |
- | ||
2011 |
- | ||
2010 |
- | ||
2009 |
- | ||
2008 |
- | ||
2007 |
- | ||
2006 |
- | ||
2005 |
- | ||
2004 |
- | ||
2003 |
- | ||
2002 |
- | ||
2001 |
- | ||
2000 |
- | ||
1999 |
- |
Contacts
67
a2e
Industry Classification
Industry
Class
Industrial Control Systems MFG
Industrial Control Systems MFG
Loss Cost
NAICS
SIC
Related GL Codes*
52440
Electrical Power Distribution or Transmission Equipment Mfg.
55648
Instrument Mfg.--Control
Electrical Power Distribution or Transmission Equipment Mfg.
55648
Instrument Mfg.--Control
Related Class Codes*
Related SIC Codes*
3677
Electronic Coils and Transformers
3625
Relays and Industrial Controls
3823
Process Control Instruments
Electronic Coils and Transformers
3625
Relays and Industrial Controls
3823
Process Control Instruments