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)

  • Must average 30 hours per week, 50 weeks per year
  • Audited using Acord 130 Gross Wages & Employee Counts
< $22,000 / yr $24,000 / yr $26,000 / yr $28,000 / yr
Median Wage for Governing Class Code (Trucking / Transportation)

  • Must average 30 hours per week 50 weeks per year
  • Audited using Acord 130 Gross Wages & Employee Counts
<$33,000 / yr $34,000 / yr $36,000 / yr $42,000 / yr
Use of Low Rate Class Codes (Use of 8810 / 8742 etc.)

  • As % of Gross Payroll
  • Audited using Acord 130 wage distribution information
> 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

DOCUMENT SUBMISSION

Empire Submit Documents






 

© 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.