TELLURIAN INC

1201 LOUISIANA ST
HOUSTON, TX 77002

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • Premium decrease and carrier tier change may indicate competitive situation and incumbent prevailed.
Needs Attention

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 is Higher than 94% of peers.
Needs Attention

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 is Higher than 72% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Decreased by 9%. While peers Increased an average of 3%.
Needs Attention

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.

  • 14% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 1st percentile at 0.1% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023
PEO
1.861
2022

2.048
2022

1.738
2021
PEO
1.196
2021

2.048
2021
PEO
1.095
2020
PEO
1.014
2020

2.048
2020
PEO
1.152
2020
PEO
1.095
2019
PEO
-
2019

1.583
2019

1.974
2018
PEO
-
2018

1.900
2017
PEO
-
2017
02-10-2017

-
2016

-
2016

-
2015

-
2014

-
2013

-
2012

-
2012

-
2012

-

Contacts

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Benefits Admin
(694) 031-7452
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Chief Executive Officer
(236) 879-1902
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(057) 534-7602
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(546) 046-1989
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(983) 810-4536
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Benefits Admin
(962) 022-9293
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Benefits Admin
(910) 305-3720
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President & Chief Executive Offi
(722) 889-5799
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(162) 643-4995
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(468) 359-0942
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Benefits Admin
(895) 052-5639
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Benefits Admin
(090) 529-5698
74

Industry Classification

Retirement Benefits

Financials

2021202020192018201720162015
BOY Assets: $ 14,118,355 $ 37,665,786 $ 9,464,886 $ 3,365,702 $ 595,625 $ 33,879 $ 0
Liabilities: $ 0 $ 6 $ 86 $ 9
EE Contrib: $ 2,505,034 $ 1,259,684 $ 5,307,336 $ 9,615,234 $ 506,057 $ 986,988 $ 15,708
Emp Contrib: $ 946,072 $ 841,713 $ 1,695,155 $ 2,848,616 $ 589,574 $ 215,088 $ 5,883
Income/Loss: $ 1,648,919 $ 1,379,877 $ 7,526,605($ 607,846) $ 225,851 $ 8,427($ 870)
Total Income: $ 6,040,676 $ 3,667,305 $ 754,519 $ 4,580,080 $ 7,830,565 $ 447,568 $ 42,399
Paid Benefits: $ 1,088,149 $ 7,044,398 $ 38,100 $ 227,764 $ 80,382 $ 3 $ 51
Expenses: $ 0 $ 6 $ 7 $ 683 $ 2
  Commission: $ 32,656 $ 14,277 $ 85,626 $ 36,853 $ 49 $ 7 $ 507
Net Income: $ 4,919,871 $ 936,842 $ 8,506,241 $ 9,027,239 $ 1,014,760 $ 410,003 $ 15,553
Net Assets: $ 19,038,226 $ 13,474,466 $ 80,855,280 $ 4,019,027 $ 4,406,616 $ 390,194 $ 49,937

Participants

2021202020192018201720162015
Total Participants:1528800388855531812
Active Part.:98479775691206004
Retired Part.:53e745c6d5c7e5
Deceased Part.:34076074053330

Insurance

No Insurance Coverage

Providers

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OLNSBHIQ TXOWRHKPFEZ ZDFUIJTNKVQKHParticipant loan processing
Sub-transfer agency fees
Recordkeeping fees
Account maintenance fees
Compensation:$32,552
Relation:RECORDKEEPER
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Source: C&S REAL ESTATE I - DST ASSET MANA
Sub-transfer agency fees
Compensation:0.10%
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Source: FROST TOT RTN BD IS - DST SYSTEMS
Sub-transfer agency fees
Compensation:0.15%

Features

    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.

    2E - Profit-sharing

    3H - Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

    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

2021202020192018
BOY Assets: $ 0 $ 63 $ 24 $ 15
Liabilities: $ 0 $ 11
EE Contrib: $ 0 $ 19
Emp Contrib: $ 0 $ 7 $ 3
Income/Loss: $ 0 $ 8 $ 1
Total Income: $ 0 $ 553 $ 89
Paid Benefits: $ 0 $ 551 $ 9
Expenses: $ 0 $ 1
  Commission: $ 0
Net Income: $ 0 $ 0 $ 406
Net Assets: $ 0 $ 33 $ 2 $ 7

Participants

2021202020192018
Total Participants:97987119721
Active Part.:9516584677
Retired Part.:29958
Deceased Part.:1106d0

Insurance

NOUF WNIG KVMX FPG RN
Renewal:12-31-2021
Covered:
  1. Health

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 2,874
Commission15% $ 431
Fees0% $ 0
Brokers
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Renewal:12-31-2021
Covered:95
  1. Life Insurance
  2. Temp. Disability Insurance
  3. Long Term Disab. Ins
  4. ACCIDENTAL DEATH & DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 208,745
Commission0% $ 0
Fees0% $ 0
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Renewal:12-31-2021
Covered:283
  1. Health

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 1,800,586
Commission4.81% $ 86,645
Fees0.06% $ 997
Brokers
BWJAEJ NQINPGG ZCSC
Renewal:12-31-2021
Covered:101
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 18,589
Commission6.16% $ 1,145
Fees0% $ 0
Brokers
RMCFANZQAXUAILCY LZQHZDIAM DUKDSRN
Renewal:12-31-2021
Covered:293
  1. Dental

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 118,393
Commission20.88% $ 24,725
Fees0% $ 0
Brokers
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Renewal:12-31-2021
Covered:90
  1. EMPLOYEE ASSISTANCE PROGRAM

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 1,892
Commission0% $ 0
Fees0% $ 0
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Renewal:03-11-2021
Covered:100
  1. BUSINESS TRAVEL ACCIDENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 0
Fees $ 0

Providers

No Providers

Features

    4A - Health (other than vision or dental).

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4F - Temporary disability (accident and sickness).

    4H - Long-term disability.

    4L - Death benefits (include travel accident but not life insurance).

    4Q - Other.