IZZY LAIN HOLDINGS LLC

3603 CASSIOPEIA LN
FORT COLLINS, CO 80528

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 increased after the policy was bound. Did payroll jump for some reason or was a credit removed?
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 88% of peers.
  • In the last year, premium Increased by 132%. While peers Increased an average of 1%.
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 92% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
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.

  • 3% of peers have changed carriers since last year. Those who did, saw a 78% decrease in premium vs those who stayed with their current provider had a 2.5% increase, roughly 31x those who stayed with their current provider.
  • Current Carrier's market share is in the 95th percentile at 57.4% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2022

2.583
2021

2.583
2020

2.366
2020
12-09-2019

0.000
2019

-
2019

-
2018

-
2018

-
2017

-
2017

-
2016

-
2016

-
2015

-

Contacts

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Benefits Admin
(645) 380-6250
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Principal
(448) 034-9759
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President
(065) 712-2140
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(498) 729-6758
npiv@rdrxbpby.sel

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Domain Registrant
(999) 378-5843
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Owner
(439) 376-6329
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013
BOY Assets: $ 22,428 $ 94,066 $ 92,072 $ 715,434 $ 538,256 $ 261,187 $ 40,314 $ 81,089
Liabilities: $ 0 $ 3 $ 3 $ 63 $ 36 $ 3
EE Contrib: $ 12,445 $ 8 $ 800,000,000 $ 42 $ 781 $ 8,894 $ 4,322 $ 68 $ 68,107
Emp Contrib: $ 3,644 $ 1 $ 6 $ 44 $ 5
Income/Loss: $ 1,931 $ 35,349($ 23,987)($ 32,276)($ 95,531)($ 3,048) $ 70,046($ 26,914)($ 2,304)
Total Income: $ 18,020 $ 95,381($ 49,939)($ 36,057)($ 29,114) $ 3,484 $ 86,916($ 16,993) $ 17,624
Paid Benefits: $ 0 $ 85 $ 73 $ 2 $ 19 $ 1
Expenses: $ 0 $ 60 $ 5 $ 9 $ 858 $ 0 $ 70
  Commission: $ 0 $ 9 $ 3
Net Income: $ 18,020 $ 19,670($ 34,183)($ 66,292)($ 225) $ 3,011 $ 48,239($ 18,138) $ 92,355
Net Assets: $ 40,448 $ 66,207 $ 45,401 $ 85,429 $ 149,595 $ 795,216 $ 351,649 $ 72,131 $ 62,709

Participants

202120202019201820172016201520142013
Total Participants:422f23261e2093
Active Part.:452934c423602
Retired Part.:d d270923cf9fc
Deceased Part.:8065a334a49571

Insurance

No Insurance Coverage

Providers

No Providers

Features

    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.

    2R - Participant-directed brokerage accounts provided as an investment option under the plan.

    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.

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