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 |