BUILDERS EQUIPMENT & TOOL CO INC DBA
1617 ENID ST
HOUSTON, TX 77009
Talking Points
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 88% 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 56% 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.
- 16% of peers have changed carriers since last year. Those who did, saw a 20.6% decrease in premium vs those who stayed with their current provider had a 1.5% decrease, roughly 14x those who stayed with their current provider.
- Current Carrier's market share is in the 99th percentile at 39.5% of the market.
OSHA
Most employers with 10 or more employees are required to maintain injury and illness records, known as the 300 log. In the event of an inspection, this information will likely be requested. Even without injury or claim, the proper documentation should be readily available on a location by location basis. These logs are critical but simple to maintain.
- Businesses with serious and/or repeat violations should be provided with risk management practices to eliminate unnecessary risk and minimize what must exist in current processes.
Business Stats
Policy History
Term | Carrier | Premium | LCM | |
---|---|---|---|---|
2022 |
1.693 | |||
2022 |
1.950 | |||
2022 |
1.950 | |||
2022 |
1.950 | |||
2022 |
1.950 | |||
2022 |
1.950 | |||
2022 |
1.707 | |||
2022 |
1.707 | |||
2022 |
1.707 | |||
2022 |
1.950 | |||
2022 |
1.490 | |||
2022 |
1.101 | |||
2022 |
1.110 | |||
2022 |
1.490 | |||
2022 |
0.946 | |||
2021 |
1.693 | |||
2021 |
1.950 | |||
2021 |
1.950 | |||
2021 |
1.960 | |||
2021 |
1.960 | |||
2021 |
1.707 | |||
2021 |
1.707 | |||
2021 |
1.707 | |||
2021 |
1.932 | |||
2021 |
1.196 | |||
2021 |
1.932 | |||
2021 |
1.110 | |||
2021 |
1.862 | |||
2021 |
1.390 | |||
2021 |
1.490 | |||
2021 12-01-2020 |
1.950 | |||
2020 |
1.960 | |||
2020 |
1.235 | |||
2020 |
1.859 | |||
2020 |
1.859 | |||
2020 |
1.707 | |||
2020 |
1.200 | |||
2020 |
1.645 | |||
2020 |
1.152 | |||
2020 |
1.520 | |||
2020 |
1.196 | |||
2020 |
1.707 | |||
2020 |
1.707 | |||
2020 |
1.152 | |||
2020 |
1.932 | |||
2020 |
1.693 | |||
2020 |
1.490 | |||
2020 |
1.490 | |||
2020 |
1.862 | |||
2020 |
1.862 | |||
2020 |
1.390 | |||
2020 |
1.932 | |||
2020 |
1.862 | |||
2019 |
1.960 | |||
2019 |
1.520 | |||
2019 |
1.960 | |||
2019 |
1.678 | |||
2019 |
1.960 | |||
2019 |
1.583 | |||
2019 |
1.645 | |||
2019 |
1.152 | |||
2019 |
1.152 | |||
2019 |
1.520 | |||
2019 |
1.152 | |||
2019 |
2.575 | |||
2019 |
1.153 | |||
2019 |
1.490 | |||
2019 |
1.200 | |||
2019 |
1.900 | |||
2019 |
1.900 | |||
2019 |
1.520 | |||
2019 |
1.900 | |||
2019 |
1.520 | |||
2019 |
1.390 | |||
2019 |
1.235 | |||
2019 |
1.390 | |||
2019 |
1.583 | |||
2019 |
1.520 | |||
2019 |
1.235 | |||
2019 06-27-2019 |
1.520 | |||
2019 07-22-2019 |
1.645 | |||
2018 |
1.693 | |||
2018 |
1.645 | |||
2018 |
2.575 | |||
2018 |
1.583 | |||
2018 |
1.520 | |||
2018 |
1.235 | |||
2018 |
1.919 | |||
2018 |
2.575 | |||
2018 |
1.583 | |||
2018 |
1.110 | |||
2018 |
1.900 | |||
2018 |
1.900 | |||
2018 |
- | |||
2018 |
1.235 | |||
2018 |
1.520 | |||
2018 |
1.490 | |||
2018 |
1.520 | |||
2018 |
1.900 | |||
2018 |
1.583 | |||
2018 |
1.900 | |||
2018 |
1.900 | |||
2018 |
1.583 | |||
2017 |
1.170 | |||
2017 |
1.235 | |||
2017 |
- | |||
2017 |
1.398 | |||
2017 |
1.919 | |||
2017 |
- | |||
2017 |
1.583 | |||
2017 |
1.520 | |||
2017 |
1.900 | |||
2017 |
1.110 | |||
2017 |
1.900 | |||
2017 |
1.900 | |||
2017 |
1.900 | |||
2017 |
1.900 | |||
2017 |
- | |||
2017 |
1.520 | |||
2017 |
1.490 | |||
2017 |
1.583 | |||
2017 |
1.200 | |||
2016 |
1.922 | |||
2016 |
- | |||
2016 |
- | |||
2016 |
1.398 | |||
2016 |
1.345 | |||
2016 |
1.747 | |||
2016 |
- | |||
2016 |
1.345 | |||
2016 |
1.398 | |||
2016 |
1.136 | |||
2016 |
1.922 | |||
2016 |
2.397 | |||
2015 |
- | |||
2015 |
- | |||
2015 |
1.398 | |||
2015 |
1.345 | |||
2015 |
1.345 | |||
2015 |
1.489 | |||
2015 |
- | |||
2015 |
1.345 | |||
2015 |
1.489 | |||
2014 |
- | |||
2014 |
- |
Contacts
Industry Classification
Scaffolds or Sidewalk Bridges--Installation, Repair, or Removal & Drivers
All Other Specialty Trade Contractors
Special Trade Contractors, Nec
Cleaning--Outside Surfaces of Buildings & Other Exterior Surfaces
91562
Concrete or Cement Distributing Towers--Rented to Others--Installation, Repair or Removal Operations Only
11201
Contractors Equipment--Cranes, Derricks, Power Shovels and Equipment Incidental Thereto--Rented to Others with Operators
94276
Fence Erection Contractors
94404
Fireproofing--Structures
95487
Greenhouse Erection
Retirement Benefits
Financials
2020 | 2019 | |
---|---|---|
BOY Assets: | $ 0 | |
Liabilities: | $ 0 | $ 3 |
EE Contrib: | $ 0 | $ 111,193 |
Emp Contrib: | $ 0 | $ 56,026 |
Income/Loss: | $ 0 | $ 556,389 |
Total Income: | $ 0 | 50美元0,521 |
Paid Benefits: | $ 0 | $ 417,066 |
Expenses: | $ 0 | $ 8 |
Commission: | $ 0 | $ 79,174 |
Net Income: | $ 0 | $ 338,122 |
Net Assets: | $ 0 | $ 5,128,561 |
Participants
2020 | 2019 | |
---|---|---|
Total Participants: | 206 | 554 |
Active Part.: | 180 | 652 |
Retired Part.: | 7 | |
Deceased Part.: | 2c6 |
Insurance
JFLKZUCDIKNB FNLCGYTNQ RPTT LAALOLYXP LAMYEBF Renewal:12-31-2020 Covered: PENSION_EOY_SEP_ACCT_AMT: 2553320PENSION_PREM_PAID_TOT_AMT: 0 |
Retention:$ 0 Claims:$ 0 Loss Ratio: |
Exp Rated Premium$ 0 Non-Exp Rated Premium:$ 0 Commission$ 8,688 Fees$ 2,747 |
Brokers | ||
---|---|---|
TXT MHKVBSVYH VYXKQIMVZXN EIBVCBHL QKFX N XXXUHQDR KSE PFUMA, RX 785914981 |
Commission$5,213 Fees$0 |
|
DFUNQVE UJWQPQKWN QNF UNPITBTV OBCXD M DKCK NESQAYT, ZD 401794677 |
Commission$3,475 Fees$0 |
|
QYJDULTE PQQCDYDDY IGPPHPUE, VXP. 994 LCJEUIBH DAAEVX, RSH SNGG, JP 26676 |
Commission$0 Fees$1,539 Fee for:FEES |
|
EJQFKIXV GQFFLZSEN LMQEWZVK, SUO. 677 RDZTHCMD RWL, GZHRLTOZWP, FK 33674 |
Commission$0 Fees$1,208 Fee for:FEES |
Providers
JUXKZYHTIOPQ PHBWZBXEO WTHE WHHSTEJ |
||
JAVBDHAJLSUB OTOGAEGIU BMNX APPMJTM | Recordkeeping and information management (computing, tabulating, data processing, etc.) Participant loan processing Investment management fees paid indirectly by plan Float revenue 记录的费用 Other insurance wrap fees |
Compensation:$14,545 Relation:RECORDKEEPER |
Features
2E- Profit-sharing
2FERISA section 404 (c)计划——该计划,或任何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.
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 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
---|---|---|---|---|---|---|---|---|---|---|
BOY Assets: | $ 0 | $ 3 | $ 7 | $ 23 | $ 14 | $ 377 | $ 8 | $ 4 | ||
Liabilities: | $ 0 | $ 47 | $ 6 | $ 78 | ||||||
EE Contrib: | $ 0 | $ 3 | $ 80 | $ 316 | ||||||
Emp Contrib: | $ 0 | $ 84 | $ 4 | $ 3 | $ 8 | $ 55 | ||||
Income/Loss: | $ 0 | $ 47 | $ 6 | $ 9 | $ 37 | $ 23 | $ 4 | $ 7 | ||
Total Income: | $ 0 | $ 939 | $ 8 | $ 13 | $ 6 | $ 92 | ||||
Paid Benefits: | $ 0 | $ 8 | 50美元 | $ 975 | $ 9 | $ 69 | ||||
Expenses: | $ 0 | $ 4 | $ 813 | $ 4 | $ 845 | |||||
Commission: | $ 0 | $ 45 | $ 5 | $ 0 | ||||||
Net Income: | $ 0 | $ 3 | $ 4 | $ 5 | ||||||
Net Assets: | $ 0 | $ 3 | $ 5 | $ 7 | $ 69 | $ 4 | $ 75 |
Participants
2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
---|---|---|---|---|---|---|---|---|---|---|
Total Participants: | 179 | 310 | 095 | 331 | 757 | 443 | 794 | 756 | 909 | 292 |
Active Part.: | 179 | 433 | 073 | 362 | 318 | 111 | 522 | 636 | 664 | 689 |
Retired Part.: | 0e | ae7 | 596 | b7 | 1 | 20 | 0 | 4 | 0be | |
Deceased Part.: | 84 | 8a4 | 8 | a | 4b | a5 | 54 | d93 | 8 |
Insurance
GYWHYXXR HWGPKUVF SATF QSSQMXPTS NLAZNUD Renewal:06-30-2020 Covered:108
|
Retention:$ 0 Claims:$ 0 Loss Ratio: |
Exp Rated Premium$ 0 Non-Exp Rated Premium:$ 10,972 Commission10%$ 1,097 Fees0%$ 0 |
Brokers | ||
---|---|---|
FHRZMQFLM WZKCIIF TNAPTQCD, ZMT. 54871 USHMVOXC WRDZWX SKFFY XFN FXIUXJWOB, OZ 24326 |
Commission$1,097 Fees$0 |
|
BNFTCGMG QHES ZBXOVVSJA TGONFCS Renewal:06-30-2020 Covered:179
|
Retention:$ 0 Claims:$ 0 Loss Ratio: |
Exp Rated Premium$ 0 Non-Exp Rated Premium:$ 53,525 Commission15.17%$ 8,121 Fees6.09%$ 3,260 |
Brokers | ||
WPGICYCHW CEGWMXP BTBJOBYS, WOF. RO FXI 5977 ENQMIGRHS EAXCOQL, AP 93928 |
Commission$8,121 Fees$3,260 Fee for:ADDITIONAL COMPENSATION |
|
UVJURAIWO WIEIXJLHCL MW FUHVM Renewal:06-30-2020 Covered:165
|
Retention:$ 0 Claims:$ 0 Loss Ratio: |
Exp Rated Premium$ 0 Non-Exp Rated Premium:$ 46,606 Commission9.95%$ 4,639 Fees5.28%$ 2,460 |
Brokers | ||
SRNOLYLPJ BDXQMHM DBEYXXKZ, DHE. 24155 WPQKDIBF ZGGDZC ISDDO RDB LQJODTORW, KP 86143 |
Commission$4,639 Fees$2,460 Fee for:OTHER COMMISSIONS |
Providers
No ProvidersFeatures
4A- Health (other than vision or dental).
4B- Life insurance.
4D- Dental.
4E——视觉。
4F- Temporary disability (accident and sickness).
4H- Long-term disability.
4L- Death benefits (include travel accident but not life insurance).