COCKRELL INTERESTS LLC
3737 BUFFALO SPEEDWAY, STE 1100
HOUSTON, TX 77098
Talking Points
For the Agent
These are points that might help guide an agent as they look to approach a prospect.
- Premium increase and carrier tier change may indicate a claim occurrence.
- Premium decreased after the policy was bound. Did payroll drop, or a last minute credit?
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.
- In the last year, premiumDecreasedby 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 58% of peers.
- Shopping around for a carrier that would provide a more competative tier would make sense.
- LCMDecreasedby more than 75% of peers.
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.
- 10% of peers have changed carriers since last year. Those who did, saw a 9.8% decrease in premium vs those who stayed with their current provider had a 2.2% increase, roughly 5x those who stayed with their current provider.
- Of those who changed carriers, 0.6% increased their LCM vs those who stayed with their current provider who saw a 2.8% increase.
- Current Carrier's market share is in the 95th percentile at 3% of the market.
Business Stats
政策的历史
| Term | Carrier | Premium | LCM | |
|---|---|---|---|---|
| 2022 |
1.707 | |||
| 2021 |
1.850 | |||
| 2021 |
1.707 | |||
| 2020 |
1.850 | |||
| 2020 |
1.693 | |||
| 2019 |
1.170 | |||
| 2019 |
1.398 | |||
| 2018 |
1.600 | |||
| 2018 |
1.110 | |||
| 2017 |
1.600 | |||
| 2017 |
1.110 | |||
| 2016 |
- | |||
| 2016 |
1.600 | |||
| 2015 |
1.600 | |||
| 2015 12-11-2014 |
- | |||
| 2014 |
- | |||
| 2014 |
- |
Contacts
Industry Classification
Clerical Office Employees NOC
Tree Nut Farming
Management Investment, Open-ended
Buildings or Premises--Bank and Other Financial Institutions
61226
Buildings or Premises--Office--Other Than Not-For-Profit
41675
Computer Consulting or Programming
51942
Computer Software Mfg.--Pre-Packaged
43200
Employment Agencies
58408
Printing--Other Than Not-For-Profit
Retirement Benefits
Financials
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|
| BOY Assets: | $ 0 | $ 84,121,781 | $ 3,501,387 | $ 93,929,568 | $ 95,327,989 | $ 37,830,449 | $ 37,623,374 | $ 82,441,954 | $ 54,252,562 |
| Liabilities: | $ 0 | $ 8 | $ 2 | $ 71 | $ 5 | $ 5 | |||
| EE Contrib: | $ 0 | $ 5,524,819 | $ 316,692 | $ 7,786,414 | $ 134,340 | 380408美元 | $ 861,087 | $ 602,058 | $ 394,485 |
| Emp Contrib: | $ 0 | $ 254,932 | $ 798,363 | $ 847,722 | $ 376,853 | $ 196,013 | 338371美元 | $ 851,551 | $ 788,090 |
| Income/Loss: | $ 0 | $ 2,573,379 | ($ 498,824) | 7782767美元 | $ 3,149,798 | ($ 160,687) | $ 659,549 | $ 465,681 | $ 6,574,560 |
| Total Income: | $ 0 | $ 8,851,957 | $ 6,829,136 | $ 5,437,558 | $ 4,430,320 | $ 997,010 | $ 8,144,456 | $ 9,567,364 | $ 9,090,183 |
| Paid Benefits: | $ 0 | $ 2,829,222 | $ 54,696 | $ 773,009 | $ 7,238,544 | $ 414,437 | $ 436,349 | $ 657,240 | $ 3,160,946 |
| Expenses: | $ 0 | $ 6 | $ 6 | $ 68 | $ 7 | $ 52,717 | $ 6 | $ 65 | $ 6 |
| Commission: | $ 0 | $ 35,338 | $ 18,822 | $ 51,882 | $ 99,834 | $ 42,976 | 19美元,773 | $ 934 | |
| Net Income: | $ 0 | $ 451,026 | ($ 483,039) | $ 6,004,951 | $ 692,775 | $ 144,508 | $ 5,607,733 | $ 8,280,577 | $ 28,891 |
| Net Assets: | $ 0 | $ 92,315,603 | $ 36,235,367 | $ 86,534,144 | $ 30,182,549 | $ 50,534,796 | $ 52,759,894 | $ 70,568,774 | $ 75,033,155 |
参与者
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|
| Total Participants: | 116 | 336 | 952 | 098 | 877 | 197 | 026 | 00 | 52 |
| 积极的作用。 | 90 | 15 | 923 | 00 | 86 | 54 | 34 | a | e |
| Retired Part.: | 1 | fa | 0 | be | b4 | a2 | 064 | e | 43 |
| Deceased Part.: | 324 | 471 | 7ca | 6 | 14 | 1 | d | dd8 |
Insurance
No Insurance CoverageProviders
| KTOYEVRS JBPWDJUJWQL SIIQLORTDFKWO |
||
| UGJXMYWE FQFQVQRYNTT ZOKTARTNPMNCC | Participant loan processing Recordkeeping fees Account maintenance fees Securities brokerage commissions and fees |
Compensation:$10,319 Relation:RECORDKEEPER |
| JRQPIYHOT TKKUFPTQ, BNM. | Investment advisory (plan) |
Compensation:$5,719 Relation:ADVISOR |
Features
2A- Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
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.
2K- Stock bonusCode section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2S- Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
2T- Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3B- Plan covering Self-Employed individuals.
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.
2R- Participant-directed brokerage accounts provided as an investment option under the plan.