Workers Compensation Advantage Report · Workers Compensation Advantage Report ... Credit Score...

Workers Compensation Advantage Report

About This Report

The Workers' Compensation Advantage report includes information on

incidents and hazards that may influence the risk of injury or illness at this

business. The report includes information on the activity within the

business as well as metrics that affect similar businesses in that specific

industry or region.

W&J Aluminum

1234 Carpel Rd

Maplewood NJ, 07000-3034

Northern County

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CONTENTS

Executive Summary

Business

Business Profile

Business Classification Information

SIC And NAICS Codes

Class Code Insights

Benchmark Ratios

Business Credit Metrics

Business Payments Information

Hazards

OSHA Inspections And Violations

Injuries, Illnesses And Fatalities

Hazardous Materials

Property

Photos

Building Characteristics

Nearby Hospitals

Likelihood of Crime

Commercial Crime Information

Business News

2 of 16 Verisk Insurance Solutions 1/18/2017 1:16 PM

EXECUTIVE SUMMARY

Business

Profile

Business Name

Business Address

Location Type

Primary SIC

NAICS

Employees at Location

Sales Volume($)

W&J Aluminum

1234 Carpel Rd, Maplewood NJ, 07000-3034

Headquarters

349701/FOIL & FOIL PRODUCTS (MFRS)

332999/All Other Miscellaneous Fabricated Metal Product

Manufacturing

10 - 15

1,000,000 - 2,000,000

Credit WorthinessBusiness Credit Score 833 Very Low Risk

Days Beyond Credit Terms 6.3 (Industry Benchmark - 6.9)

Hazards

OSHATotal OSHA Violations 7

Total Serious OSHA Violations 3

Property

BuildingTotal Building Area 40,000 sq. ft

Number of stories 1

Neighborhood

Nearest Hospital/Medical

Facility3.6 mi / 8 mins

Current Crime Index

666666 (out o f 10 ) (ou t o f 10 ) (ou t o f 10 ) (ou t o f 10 )

(Better) (Worse)


Sales Volume (estimated in $):

Location Type (Headquarters / Branch /

Single):

1,000,000 - 2,000,000

Headquarters

States Operated in

State Number of Locations

1

1

1

CA

CT

NJ

BUSINESS CLASSIFICATION INFORMATION

Primary Business / SIC: 349701 / Foil & Foil Products (Mfrs)

Secondary Business / SIC: 829923 / Craft-instruction

Third Business / SIC: 874213 / Marketing Programs & Services

SIC AND NAICS CODES


NAICS: 332999 / All Other Miscellaneous Fabricated Metal Product

Manufacturing

The North American Industry Classification System (NAICS) is the updated standard used by Federal statistical agencies in classifying

business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy. The

Standard Industrial Classification (SIC) is the original standard series created by the U.S. categorizing business activities. Understanding

NAICS and SIC classifications will help to determine the company’s business activities.

BUSINESS

BUSINESS PROFILE

W&J ALUMINUM

Business Address:

Phone:

Website:

Parent Company:

Employees:

Union Status:

Year Started:

State of Incorporation:

1234 Carpel Rd, Maplewood NJ, 07000-3034

(555) 555-5555

www.W&J555.com

W&J Aluminum, Inc.

10 - 15

Yes

1996

NJ

Business description not available for this business.

Governing Class Code

(Based on above SIC/ NAICS codes):

3076

Governing Class Swap Results

Some class codes have a higher probability of being corrected/changed at audit than others. Use the Governing Class Swap analysis to

help avoid misclassification by leveraging industry benchmark data on the historical rates of a particular governing class code being

changed during the audit process. This analysis shows how often a governing class code changes during the audit process and to what

class code it often changes to. It also provides insights on how that change impacts premium. A high occurrence of class code changes

and/or a large impact on premium may warrant further investigation to confirm the proper business classification is used at policy inception.

CLASS CODE INSIGHTS

Percentage Impact on Premium

Perc

enta

ge o

f O

ccur

renc

e

Code 5535Code 5535Code 5535Code 5535



Code 8018Code 8018Code 8018Code 8018Code 3629Code 3629Code 3629Code 3629 Code 9014Code 9014Code 9014Code 9014

-10% 0% 10% 20% 30% 40% 50% 60%0.1%

0.2%

0.3%

0.4%

0.5%

0.6%

0.7%

0.8%


Class Code Class Description % of Occurrence % Impact on Premium

3076 G Sheet Metal Products Mfg.-shop Only 95.8% 6.8%

5535 Sheet Metal Work-installation & Drivers 0.7% 9.2%

5102Door, Door Frame Or Sash

Erection-metal Or Metal Covered0.5% 20.3%

2802Carpentry-shop Only-& Drivers (N/a Fl,

Va)0.3% 41.0%

8018 Store: Wholesale Noc 0.2% 10.9%

3629 Precision Machined Parts Mfg. Noc. 0.2% -1.9%

9014

Janitorial Services By Contractors-no

Window Cleaning Above Ground Level &

Drivers

0.2% 54.0%

Other Remaining

Classes Combined2.2% 29.6%

G Governing Class Code

Companion Class Results

Use the Companion Class analysis to compare the most common class codes associated with the payroll of the governing class code also

use the Companion Class analysis to determine if a payroll class is missing from the application. If certain class codes are not on the

application or the percentages allocated are outside of the provided industry benchmarks then the underwriter may want to further

investigate this aspect of the application.

% Of

Observations

Class

Code

Class Description % of Payroll

100.0% 3076 G Sheet Metal Products Mfg.-shop Only 59.3%

83.3% 8810 Clerical Office Employees Noc 27.6%

45.9% 8742 Salespersons Or Collectors-outside(n/a Ma) 13.0%

22.3% 7380Drivers, Chauffeurs, Messengers, And Their Helpers

Noc-commercial(n/a Ma)5.7%

4.7% 5535 Sheet Metal Work-installation & Drivers 8.2%

3.9% 5102Door, Door Frame Or Sash Erection-metal Or Metal

Covered7.5%

3.6% 3724Machinery Or Equipment Erection Or Repair Noc &

Drivers.9.1%

2.2% 8018 Store: Wholesale Noc 7.8%

G Governing Class Code

BENCHMARK RATIOS

This location

Sales Volume / Employee $134,000

$85,000

25%

Payroll / Employee

Industry benchmark

$211,000

$45,000

21%Payroll / Sales Volume


BUSINESS CREDIT METRICS

The business legal structure should match application information. Lien filings, a poor credit score, and unfavorable credit benchmarks can

highlight risky credit behavior indicative of business insolvency or concerning management efficiency.

Legal Structure

W&J Aluminum

W&J Aluminum, Inc.

0

Legal Name:

Business Linkage (Parent Company):

Bankruptcy Filings:

Tax Liens: 7

Credit Score (Credit Risk)

The Credit Risk Score measures the overall credit worthiness of this business. The lower the score the greater the odds that the company

will have financial stress within the next twelve months.

This company's credit rating over past 12 months

Very High

Risk

High Risk Moderate

Risk

Low Risk Very Low

Risk

<410 410 - 509 510 - 629 630 - 729 730+

0 900

833833833833

765765765765

825825825825 825825825825 825825825825 825825825825 825825825825 825825825825 825825825825 825825825825786786786786

834834834834 833833833833

Dec-2

015

Jan-2

016

Feb-

2016

Mar-20

16

Apr-2

016

May-2

016

Jun-2

016

Jul-2

016

Aug-2

016

Sep-

2016

Oct-20

16

Nov-2

016

0

300

600

900


Relative Credit Grading

Peer Group Definition

Industry: Manufacturing

Number of Employees: 50 - 99

Number of Employees: 50 - 99

Industry: Manufacturing

The Relative Credit Grading compares a business’s credit worthiness with peer businesses as defined by industry and size. The higher the

grading, the greater the odds that management effectiveness may be a concern.

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(Better) (Worse)


(Better) (Worse)


(Better) (Worse)

Credit Benchmarks

This Business Industry Benchmark

Days Beyond Payment Terms 6.3 6.9

Percentage of debt reported current 71% 79%

Percentage of debt 90+ days past due 1% 2%

A standard of business payment practices compared against other businesses in the industry. Credit benchmarks are an indicator of the

business’s payment behavior and debt past due to provide insights into their credit risk.

BUSINESS PAYMENTS INFORMATION

Business Payments Information describes a company’s payment behavior over the past 3 months by segments and payment verticals.

Companies often continue to pay in a similar manner unless conditions change. The distribution of expenditure among various payment

segments help uncover inconsistencies in business classifications as well as identify potential hidden exposures.

REPORTED PAYMENT BEHAVIOR BY INDUSTRY SEGMENT

Purchasing behavior may help uncover inconsistencies in business classification

TOTAL BALANCES BY CATEGORY

Industry Segment Balance

Transportation $249,326

Materials $689,834

Operations $251,211

Other $118

Total reported balances $1,190,489

Transportat ion:Transportat ion:Transportat ion:Transportat ion:21%21%21%21%

Materials:Materials:Materials:Materials:58%58%58%58%

Operations:Operations:Operations:Operations:21%21%21%21%

Other:Other:Other:Other:0%0%0%0%


TRANSPORTATION

Balance

$148,874

$57,995

$13,589

$12,518

$10,221

$6,129

Expenditure Category

Truckload

Transportation Services

Leasing

Less Than Truckload Shipping

Transportation Supplies

Fuel

Air $0

Total reported balances $249,326

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Truckload Shipping:Less than 5%

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TTTTrrrraaaannnnssssppppoooorrrrttttaaaattttiiiioooonnnn SSSSuuuupppppppplllliiiieeeessss::::4444%%%%

TTTTrrrraaaannnnssssppppoooorrrrttttaaaattttiiiioooonnnn SSSSeeeerrrrvvvviiiicccceeeessss::::22223333%%%%

MATERIALS

Expenditure Category Balance

Chemicals $247,689

Electronics $142,390

Building - Other $102,001

Plastics $85,940

Other Materials $76,197

Building - Electrical $29,693

Building - Roofing & Siding $2,985

Packaging $2,024

Metals $915

Building - HVAC $0

Building - Plumbing $0


OPERATIONS

Expenditure Category Balance

Industrial Supplies $86,126

Industrial Equipment $72,966

Business Services $64,042

Hardware $27,471

Office Supplies $606


Chemicals:Chemicals:Chemicals:Chemicals:36%36%36%36%

Bui lding - E lectr ical :Bui lding - E lectr ical :Bui lding - E lectr ical :Bui lding - E lectr ical :4%4%4%4%

Electronics:Electronics:Electronics:Electronics:21%21%21%21%

Bui ld ing - Other :Bui ld ing - Other :Bui ld ing - Other :Bui ld ing - Other :15%15%15%15%

Other Materials:Other Materials:Other Materials:Other Materials:11%11%11%11%

Plastics:Plastics:Plastics:Plastics:12%12%12%12%

Bui ld ing - Roof ing & S id ing:Bu i ld ing - Roof ing & S id ing:Bu i ld ing - Roof ing & S id ing:Bu i ld ing - Roof ing & S id ing:0%0%0%0%

Business Services:Business Services:Business Services:Business Services:25%25%25%25%

Hardware:Hardware:Hardware:Hardware:11%11%11%11%

Industr ial Equipment:Industr ial Equipment:Industr ial Equipment:Industr ial Equipment:29%29%29%29%

Industr ial Supplies:Industr ial Supplies:Industr ial Supplies:Industr ial Supplies:34%34%34%34%

Office Suppl ies:Off ice Suppl ies:Off ice Suppl ies:Off ice Suppl ies:0%0%0%0%


OTHER

Balance

$118

Expenditure Category

Apparel & Outdoors

Financial Services $0

Total reported balances $118

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HAZARDS

OSHA INSPECTIONS AND VIOLATIONS

Occupational Safety and Health Administration (OSHA) data reported since January 2005. OSHA reports provide data about establishment-

specific inspections, violations, days taken to repair and penalties applied to this business at this address.

INSPECTION ON 2014-06-02

Activity Number: 310775523

Report ID:

Open Date:

Company Name As Stated:

Site Address:

0729700

2014-06-02

W&J Aluminum

1234 Carpel Rd, Maplewood NJ 07000-3034

SIC Code Reported By OSHA: 3497

Union Status: Yes

Inspection Type: Planned

Owner Type: Private

Inspection Scope: Complete

Safety/Health: Safety

Advanced Notice: No

Close Conference Date: 2014-06-02

Close Case Date: 2014-08-29


Violation Summary

Initial Violations Initial Penalty Current Violations Current Penalty FTA Amount

Serious 3 $16,830 3 $14,000 $0

Willful 1 $54,450 1 $43,560 $0

Repeat 0 $0 0 $0 $0

Other 3 $990 3 $800 $0

Total 7 $72,270 7 $58,360 $0

Violations

ID Type Standard Issuance Abatement Current Initial Fta Contest

03001C Other19101020 G01 III - Access to employee

exposure and medical records.2014-06-11 2014-06-25 $0 $0 $0 2014-07-02

01001 Serious19100023 C01 - Guarding floor and wall

openings and holes.2014-06-11 $4,200 $4,950 $0 2014-07-02

01003 Serious 19100095 K01 - Occupational noise exposure. 2014-06-11 2014-07-02 $4,200 $4,950 $0 2014-07-02

01002 Serious 19100095 G05 II - Occupational noise exposure. 2014-06-11 2014-07-24 $5,600 $6,930 $0 2014-07-02

03001B Other19101020 G01 II - Access to employee


02001 Willful 19100095 G06 - Occupational noise exposure. 2014-06-11 2014-07-24 $43,560 $54,450 $0 2014-07-02

03001A Other19101020 G01 I - Access to employee


INJURIES, ILLNESSES, AND FATALITIES

Data from Census of Fatal Occupational Injuries (CFOI) and Survey of Occupational Injuries and Illnesses (SOII) regarding work-related

injuries and illnesses in similar work places in that industry.

Nonfatal Occupational Injury and Illness Incidents

The annual rate of Fatal work injuries per 100,000 full-time equivalent workers.

Incidence Rate is the number of injuries and illnesses per 100 full-time workers.

Days away from work cases include those that result in days away from work (does not include job transfer or restriction)

Injuries, Illnesses, and Fatalities for NAICS: 332999

Specific for the State of: NJ

Fatal Occupational Injuries Rate: N/A

Non-Fatal Injury and Illness Incidence Rate: 5.2

Injury and Illness Cases with Days Away from Work Rate: 1.1

5 .25 .25 .25 .2

1 .11 .11 .11 .1

Tota l Recordab le CasesTota l Recordab le CasesTota l Recordab le CasesTota l Recordab le Cases Days Away f rom WorkDays Away f rom WorkDays Away f rom WorkDays Away f rom Work

Nonfatal Incidents


HAZARDOUS MATERIALS

Data for the business address is from the National Response Center (NRC). NRC provides information about oil spills of “extremely hazardous

substances” based on the acute lethal toxicity of over 650 toxic chemicals that pose a threat to human health and the environment. U.S.

facilities that manufacture, process, or otherwise use these chemicals in amounts above established levels must report how each chemical is

managed through recycling, energy recovery, treatment, and environmental releases.

No

No

Toxic Shipments Received:

Incidents in Last 3 Years:

Incident Type: N/A

PHOTOS

Front 3/13/2009 Overhead

White Border Is The Parcel Boundary Of The Property

11/6/2015

North 11/9/2015 East 11/6/2015

South 11/6/2015 West 9/29/2013


PROPERTY

UPDATED: 03/17/2015BUILDING CHARACTERISTICS

Construction class: 4 (Masonry Non-Combustible)

Year Built: 2000

Number of Stories: 1

Square Footage: 40,000 sq. ft

HOSPITALS WITHIN A 5 MILE RADIUS

Hospitals

Distance Drive Time

Haskell Health Center 3.6 mi 8 mins

Watkins Memorial Health Center 4.8 mi 13 mins

Acumen Institute 4.9 mi 11 mins

Existence of a medical facility does not guarantee availability of all essential emergency/treatment options. Distant to hospital is irrespective

of any obstructions.


LIKELIHOOD OF CRIME

Crime analytics identifies the potential risk of crimes for ten crime types as well as an overall risk score, providing insightful guidance on the

likelihood and severity of premise-related liability claims.

Current Crime Index

CRIME INFORMATION - COMMERCIAL

LOCATION CAP Index crime information helps you identify the potential risk of personal and commercial crimes for specific addresses

anywhere in the United States. The reports reflect past, current, and forecasted crime indices for ten crime types, as well as an overall

crime-risk score.

Crime scores are based on crimes reported in an area surrounding the risk. For personal crime scores, the area analyzed extends out one mile

from the risk or - in densely populated areas - the distance required to include a population of 25,000. For commercial crime scores, the area

analyzed extends out three miles from the risk location or the distance required to include a population of 100,000.

LOCATION CAP Index compares a location's potential risk of crime against the national average and then uses a scale — from 1 (safest) to

10 (worst) — to rank that location's scores. The scores are scaled so that a value of 5 is equal to the national average. Scores greater than 5

represent above-average predicted crime risks, while scores less than 5 indicate below-average risks.

Aggregate Crime Scores Current Past Forecasted

CAP Index

Weighted average of the homicide, rape, and robbery

scores. We emphasize these three crimes because, in

a business environment, they pose the greatest

danger to employees and customers.

107 (Class 6) 134 (Class 6) 107 (Class 6)

Aggregate Crimes Against Person

This score represents a weighted average of

homicide, rape, robbery, and aggravated assault.129 (Class 6) 127 (Class 6) 128 (Class 6)

Aggregate Crimes Against Property

This score represents a weighted average of

burglary, larceny, and motor vehicle theft.280 (Class 7) 277 (Class 7) 263 (Class 7)

® ®

® ®

®

6666 (out of 10)

(Better) (Worse)


0 - 19 (Class 1) Less than 1/5 of the national average

20 - 24 (Class 2) 1/5 to 1/4 of the national average



50 - 99 (Class 5) 1/2 to 1 times the national average (midpoint)

100 - 199 (Class 6) 1 to 2 times the national average




500 - 2000 (Class 10) More than 5 times the national average

Individual Crime Scores Current Past Forecasted

Arson 105 (Class 6) 131 (Class 6) 105 (Class 6)

Auto Theft 123 (Class 6) 137 (Class 6) 118 (Class 6)

Robbery 96 (Class 5) 116 (Class 6) 99 (Class 5)

Aggravated Assault 142 (Class 6) 125 (Class 6) 140 (Class 6)

Burglary 348 (Class 8) 318 (Class 8) 324 (Class 8)

Homicide 89 (Class 5) 85 (Class 5) 92 (Class 5)

Rape 157 (Class 6) 208 (Class 7) 152 (Class 6)

Larceny 248 (Class 7) 250 (Class 7) 239 (Class 7)

LOW

HIGH


POLICY#/INSURED: 0 ORDERED BY: INSURANCE SERVICES OFFICE - ISO MARKETING SUPPORT (R. LEWIS)

© 2008, 2017 Insurance Services Office, Inc. All rights reserved.


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