STEAMBOAT POWERSPORT LLC

2989 RIVERSIDE PLZ
STEAMBOAT SPRINGS, CO 80487

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.
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 83% of peers.
  • In the last year, premium Decreased by 18%. While peers Increased an average of 4%.
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 Very Good, in the 17th percentile compared to peers.
Good

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.

  • 7% of peers have changed carriers since last year. Those who did, saw a 8.5% decrease in premium vs those who stayed with their current provider had a 3.9% decrease, roughly 2x those who stayed with their current provider.
  • Current Carrier's market share is in the 99th percentile at 56.5% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.590
2022

1.590
2021

1.540
2020

0.000
2019

-
2018

-
2017

-
2016

-
2015

-
2014

-
2013

-
2012

-

Contacts

CDAX JZOKZITW
Benefits Admin
(985) 279-0293
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Prlgp Fgzs
Owner
(278) 440-6462
0b98

Industry Classification

Health Benefits

Financials

202120202019
BOY Assets: $ 31,071 $ 60,903 $ 8
Liabilities: $ 626 $ 0
EE Contrib: $ 71,856 $ 97,251 $ 37,620
Emp Contrib: $ 22,676 $ 87,273 $ 372,545
Income/Loss: $ 14 $ 91 $ 76
Total Income: $ 94,546 $ 53,024 $ 886,556
Paid Benefits: $ 78,634 $ 29,597 $ 344,370
Expenses: $ 0 $ 506 $ 3
  Commission: $ 19,405 $ 91,222 $ 18,421
Net Income:($ 3,493) $ 914 $ 23,373
Net Assets: $ 27,578 $ 34,380 $ 32,253

Participants

202120202019
Total Participants:149858
Active Part.:148721
Retired Part.:3ae
Deceased Part.:ef8d8

Insurance

No Insurance Coverage

Providers

No Providers

Features

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

Motor Carrier