EMPIRE CORE UNDERWRITING METRICS
| CORE Underwriting Criteria | Unlikely | Moderate | Good | Excellent |
|---|---|---|---|---|
| Expiring and/or “Anticipated” Renewal Workers Comp Premiums | Under $50,000 |
$50,000 – $60,000 |
$61,000 – $80,000 |
$80,000 – $500,000 |
| Experience Modifier (X-Mod) | < 129 | 130 to 169 | 170 to 199 | 200 to 300 |
| Governing Class Coed Base Rate Before Applying X-Mod | <$8.50/$100 | >$9.00/$100 | >$10.00/$100 | >$11.00/$100 |
| Use of Part-Time Labor (Must Show FT & PT on Acord) | > 30% | <30% | <20% | <10% |
| Use of Seasonable Labor (Audited Using Acord & Supplemental Info) | > 20% | <20% | <15% | <10% |
Median Annual Wage for Governing Class Code (None Trucking / Transportation)
|
< $22,000 / yr | $24,000 / yr | $26,000 / yr | $28,000 / yr |
Median Wage for Governing Class Code (Trucking / Transportation)
|
<$33,000 / yr | $34,000 / yr | $36,000 / yr | $42,000 / yr |
Use of Low Rate Class Codes (Use of 8810 / 8742 etc.)
|
> 30% | 30% | 25% | < 25% |
| Total # of Standard Markets Competing and Releasing Quotes for the submitted risk | 4 or More (Including SCIF) | 3 (Including SCIF) | 2 (Including SCIF) | SCIF Only |
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© 2018 Empire Underwriters. The data appearing on this website is provided for informational use only and is in no way intended to assert or imply types of relationships with any carriers, or the like.
