As one of the top twenty contractors in the United States with a low loss ratio in the Captive Insurance Program, the award is representing the firm’s strong dedication and effort on everyone’s behalf to ensure every person is safe at every job site.
“We’re doing great things with our field operations, which is the source of our stellar Captive Insurance Program ratings and its integration,” says Mike Bodell II, Executive Vice President.
The Captive Insurance Program gauges companies suitable for coverage. The captive’s all time historical loss ratio averages at 29.14%, with the lowest during 2017 at 12.12%, the highest at 47.33%. The overall insurance industry considers a loss ratio of 80% or below to be an outstanding result. Bodell Construction loss ratio was 0.78% during the last 12 months. The average during this period was 39.96%.