TROPICANA INC
15615 GLEN CHASE DR
HOUSTON, TX 77095
Talking Points
For the Agent
These are points that might help guide an agent as they look to approach a prospect.
- Increasing LCM and decreasing market share may indicate carrier is tightening underwriting guidelines and/or has written higher risk accounts that they are less willing to fight for.
Premium
Worker's Comp premium is based on two key factors - the LCM your carrier has filed to use, and the total payroll you run over the policy term, which is multiplied by the rate to determine premium.Comparing premium to businesses in the same industry and of similar size can indicate how fair your WC insurance provider's costs are relative to the market.
- Premium isHigher超过81%的同行。
- In the last year, premiumIncreasedby more than 75% of peers.
LCM Rate
LCMs have the largest effect on your WC costs. Carriers file LCM's which are multiplied with the state approved Loss Costs for your employment classifications to create your policy rates. Carrier Groups have several Carrier Tier's each with their own filing, allowing their underwriters to price aggressively to overly prudent depending on the risk.
- The LCM of the Current Carrier isHigherthan 64% of peers.
- Shopping around for a carrier that would provide a more competative tier would make sense.
Market Competitiveness
We measure relative change (when a business chooses a different WC provider), and market share distribution over a rolling 24 months as compared to it's industry and state level activity to determine how competitive carriers are for your class of business.
- 3% of peers have changed carriers since last year. Those who did, saw a 15% decrease in premium vs those who stayed with their current provider had a 10.4% decrease.
- Current Carrier's market share is in the 95th percentile at 26.3% of the market.
Business Stats
Policy History
Term | Carrier | Premium | LCM | |
---|---|---|---|---|
2022 |
1.850 | |||
2021 |
1.850 | |||
2019 |
1.000 | |||
2018 |
1.000 | |||
2017 |
1.000 | |||
2016 |
2.010 | |||
2015 |
2.010 |
Contacts
Industry Classification
Bowling Lane & Drivers
Bowling Centers
Bowling Lanes
48178
Skating Rinks--Roller
Retirement Benefits
Financials
2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|
BOY Assets: | $ 1,254,217 | $ 1,634,351 | $ 9,899,500 | $ 8,995,082 | $ 932,713 | $ 753,650 | 4866160美元 | $ 9,993,808 | $ 6,992,800 | $ 9,427,754 | $ 129,487 |
Liabilities: | $ 50,000 | $ 68,146 | $ 12,363 | $ 2 | $ 6 | $ 37 | $ 629 | $ 30 | $ 6 | $ 8 | $ 88 |
EE Contrib: | $ 0 | $ 8 | $ 2 | $ 2 | $ 1 | $ 2 | $ 2 | $ 2 | |||
Emp Contrib: | $ 0 | $ 4 | $ 8 | $ 8 | $ 9 | $ 2 | |||||
Income/Loss: | $ 76,593 | $ 103,841 | ($ 5,192) | $ 706,597 | $ 122,744 | ($ 28,969) | $ 2,006 | $ 235,308 | $ 250,752 | ($ 32,753) | $ 461,011 |
Total Income: | $ 76,593 | $ 382,298 | ($ 5,766) | $ 270,109 | $ 977,792 | ($ 85,685) | $ 54,965 | $ 644,812 | $ 639,108 | ($ 1,582) | $ 181,710 |
Paid Benefits: | $ 50,000 | $ 93,323 | $ 12,841 | $ 49,088 | $ 12,160 | $ 504,554 | $ 7,280 | $ 222,018 | $ 29,964 | $ 12,453 | $ 895,228 |
Expenses: | $ 0 | $ 0 | $ 0 | $ 21 | $ 1 | ||||||
Commission: | $ 0 | $ 76,041 | $ 2 | $ 4,955 | $ 9 | $ 15,093 | |||||
Net Income: | $ 26,593 | $ 29,773 | ($ 441,227) | $ 5,514 | $ 44,766 | ($ 368,190) | $ 7,723 | ($ 97,282) | $ 68,305 | ($ 93,321) | ($ 270,395) |
Net Assets: | $ 1,255,810 | $ 5,086,259 | $ 6,380,591 | $ 5,091,887 | $ 4,129,130 | $ 8,296,140 | $ 8,428,080 | $ 6,065,110 | $ 5,620,281 | $ 2,625,028 | $ 8,712,097 |
Participants
2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Total Participants: | 10 | 31 | 30 | 34 | 88 | 30 | 55 | 81 | 15 | 37 | 53 |
Active Part.: | 10 | 57 | 70 | 78 | 35 | 35 | 69 | 9 | 8 | 0 | 0 |
Retired Part.: | 5 | c3 | b6f | ffb | f | 5 | 33 | 5 | 1c | 6dc | |
Deceased Part.: | 31 | 8d | e | d1 | 721 | 0d | 28e | d1 | d68 | 90 |
Insurance
No Insurance CoverageProviders
No ProvidersFeatures
2E- Profit-sharing
3D- Pre-approved pension plan - A master, prototype, or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.