NATIONAL BANK HOLDINGS CORP
7800 E ORCHARD RD STE 300
GREENWOOD VILLAGE, CO 80111
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 isHigherthan 96% of peers.
LCM Rate
When you get coverage from a Carrier, you are placed in one of their 'Carrier Tiers' (An insurance company under the carrier's umbrella). These individual tiers get a rating from the bureau referred to as an LCM, which effects the premium you pay.
- The LCM of the Current Carrier isHigherthan 62% 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.
- 11% of peers have changed carriers since last year. Those who did, saw a 2.8% increase in premium vs those who stayed with their current provider had a 12.5% increase.
- Current Carrier's market share is in the 99th percentile at 29.8% of the market.
Business Stats
Policy History
| Term | Carrier | Premium | LCM | |
|---|---|---|---|---|
| 2022 |
1.794 | |||
| 2021 |
1.794 | |||
| 2020 |
- | |||
| 2019 |
- | |||
| 2018 |
- | |||
| 2017 |
- | |||
| 2016 |
- |
Contacts
Industry Classification
Banks and Trust Companies--All Employees, Salespersons, Drivers & Clerical
Offices of Bank Holding Companies
Bank Holding Companies
Buildings or Premises--Office--Other Than Not-For-Profit
Retirement Benefits
Financials
| 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| BOY Assets: | $ 5,062,259 | $ 6,251,384 | $ 8,352,462 | $ 8,860,977 | $ 5,246,387 | 7002270美元 | $ 449,098 | $ 3,915,904 | $ 8,492,140 | $ 2,531,551 |
| Liabilities: | $ 0 | $ 2 | $ 5 | $ 57 | $ 5 | $ 8 | $ 413 | |||
| EE Contrib: | $ 97,116 | $ 23,043 | $ 16,274 | $ 81,548 | $ 57,878 | $ 32,615 | $ 9,859 | $ 603 | $ 25,199 | $ 86,199 |
| Emp Contrib: | $ 380,567 | $ 398,028 | $ 206,553 | $ 909,669 | $ 530,440 | $ 1,171 | $ 919,709 | $ 19,633 | $ 82,258 | $ 9,204 |
| Income/Loss: | $ 864,057 | ($ 794,843) | $ 741,109 | $ 241,297 | ($ 98,525) | $ 898,599 | $ 278,803 | $ 599,981 | $ 737 | $ 474,300 |
| Total Income: | $ 1,341,740 | $ 37,547 | $ 545,385 | $ 834,942 | $ 153,282 | $ 24,575 | $ 631,391 | $ 21,510 | $ 86,056 | $ 958,759 |
| Paid Benefits: | $ 914,974 | $ 535,432 | $ 84,024 | $ 58,725 | $ 832,120 | $ 424,149 | $ 44,954 | $ 8,692,362 | $ 249,822 | $ 851,526 |
| Expenses: | $ 0 | $ 405 | $ 498 | $ 500 | $ 60 | $ 5 | $ 6 | |||
| Commission: | $ 27,999 | $ 93,652 | $ 94,289 | $ 8,429 | $ 88,225 | $ 57,128 | $ 9,678 | $ 54,080 | $ 85,108 | $ 45,507 |
| Net Income: | $ 398,767 | ($ 466,826) | $ 554,649 | $ 235,291 | ($ 154,062) | $ 486,956 | $ 91,850 | ($ 478,588) | ($ 485,781) | $ 58,909 |
| Net Assets: | $ 5,461,026 | $ 7,920,996 | $ 7,601,636 | $ 4,496,106 | $ 2,185,254 | $ 3,788,741 | $ 6,711,257 | $ 3,351,478 | $ 6,227,703 | $ 3,992,408 |
Participants
| 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Participants: | 33 | 97 | 70 | 04 | 66 | 15 | 71 | 68 | 22 | 43 |
| Active Part.: | 24 | 47 | 91 | 89 | 48 | 89 | ce1 | 5c | e | 9 |
| Retired Part.: | cf2 | bf | e | 5 | 8d5 | e | f | 5c | cfe | |
| Deceased Part.: | a7a | 06b | 45a | ce2 | 526 | 152 | 0 | 2 | 5f |
Insurance
No Insurance CoverageProviders
No ProvidersFeatures
2E- Profit-sharing
2F- ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G- Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J- Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2T- Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
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.
Health Benefits
Financials
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| BOY Assets: | $ 0 | $ 9 | |
| Liabilities: | $ 0 | $ 895 | $ 3 |
| EE Contrib: | $ 0 | $ 3 | |
| Emp Contrib: | $ 0 | $ 2 | |
| Income/Loss: | $ 0 | $ 9 | |
| Total Income: | $ 0 | $ 6 | |
| Paid Benefits: | $ 0 | $ 5 | $ 2 |
| Expenses: | $ 0 | $ 8 | $ 45 |
| Commission: | $ 0 | ||
| Net Income: | $ 0 | $ 1 | $ 4 |
| Net Assets: | $ 0 | $ 8 | $ 204 |
Participants
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Total Participants: | 315 | 493 | 242 |
| Active Part.: | 315 | 334 | 874 |
| Retired Part.: | 97 | 8 | |
| Deceased Part.: | 6f | e |
Insurance
| FCKZHROYHQBSQVOZ SFBNIRWZL QLOJCUN Renewal:12-31-2020 Covered:789
|
Retention:$ 0 Claims:$ 0 损失比率: |
Exp Rated Premium$ 0 Non-Exp Rated Premium:$ 268,573 Commission0%$ 3 Fees0%$ 0 |
| Brokers | ||
|---|---|---|
| PRWNEBK SEXFZDI KALEOPTP JXX 5207 GLPKCC ISQRDY QBQ XMNR EDPT, RU 03571 |
Commission$3 Fees$0 |
|
| NVBLREBJS EZRE SANWCJUGO AHJYXBC Renewal:12-31-2020 Covered:481
|
Retention:$ 0 Claims:$ 0 损失比率: |
Exp Rated Premium$ 0 Non-Exp Rated Premium:$ 62,836 Commission6.91%$ 4,345 Fees11.67%$ 7,335 |
| Brokers | ||
| BQUYQSJ EGFR OSF 095 8LH TIOCJH GOG DVVM, VI 73359 |
Commission$4,345 Fees$7,335 Fee for:FEES |
|
| CUCTWXGEF ICXG MEHBOULIN UDTEYRT Renewal:12-31-2020 Covered:63
|
Retention:$ 0 Claims:$ 0 损失比率: |
Exp Rated Premium$ 0 Non-Exp Rated Premium:$ 35,038 Commission15%$ 5,256 Fees11.76%$ 4,122 |
| Brokers | ||
| NCJZHUZ KVEF IAR 382 1NT EVJUGC RYD WJFA, VJ 79435 |
Commission$5,256 Fees$4,122 Fee for:FEES |
|
| UHWDCL MG EGSLC KTQHOCRVZ UZSYYCU Renewal:12-31-2020 Covered:481
|
Retention:$ 0 Claims:$ 0 损失比率: |
Exp Rated Premium$ 0 Non-Exp Rated Premium:$ 9,425 Commission10.01%$ 943 Fees11.67%$ 1,100 |
| Brokers | ||
| UPPOMXI YSST IDD 139年1 aq SWAGZA ILE JARP, NQ 38846 |
Commission$943 Fees$1,100 Fee for:FEES |
|
| EXRBGL KY HVWTB XJUIDSMXA EZPFJQI Renewal:12-31-2020 Covered:260
|
Retention:$ 0 Claims:$ 0 损失比率: |
Exp Rated Premium$ 0 Non-Exp Rated Premium:$ 55,613 Commission7.44%$ 4,140 Fees5%$ 2,781 |
| Brokers | ||
| AJHKXVR OZKX IME 737 9RO SNERDF DFI TDKW, FT 86946 |
Commission$4,140 Fees$2,781 Fee for:FEES |
|
| VXRMBS QQ RYHEM XFWKEYMSI SAIHUVX Renewal:12-31-2020 Covered:478
|
Retention:$ 0 Claims:$ 0 损失比率: |
Exp Rated Premium$ 0 Non-Exp Rated Premium:$ 84,502 Commission6.12%$ 5,172 Fees10.71%$ 9,050 |
| Brokers | ||
| JCDZWXB KXDW VFQ 154 0TX ZPMGHQ UXT RYXX, GA 27992 |
Commission$5,172 Fees$9,050 Fee for:FEES |
|
| BNKQKR QW VTLYL FJOFJVPHM OWXZVHN Renewal:12-31-2020 Covered:63
|
Retention:$ 0 Claims:$ 0 损失比率: |
Exp Rated Premium$ 0 Non-Exp Rated Premium:$ 2,477 Commission15.02%$ 372 Fees12.35%$ 306 |
| Brokers | ||
| FSJRYVD FEUX HOW 404 8PO XOWMBC YDH SVCF, PQ 63225 |
Commission$372 Fees$306 Fee for:FEES |
|
Providers
No ProvidersFeatures
4A- Health (other than vision or dental).
4B- Life insurance.
4D- Dental.
4E- Vision.
4F- Temporary disability (accident and sickness).
4H- Long-term disability.
4Q- Other.