COLUMBINE TOOL & DIE INC

5213 LONGS PEAK RD, UNIT F
BERTHOUD, CO 80513

Talking Points

For the Agent

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

  • A break in policy terms may indicate inconsistent work load which can result in substandard employment.
  • Premium increase and carrier group change may indicate a claim occurrence.
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 in-line with peers, in the 67th percentile.
  • In the last year, premium Increased by 49%. 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.

  • 11% of peers have changed carriers since last year. Those who did, saw a 21.5% decrease in premium vs those who stayed with their current provider had a 5% increase, roughly 4x those who stayed with their current provider.
  • Current Carrier's market share is in the 99th percentile at 29.8% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

-
2022
04-01-2022

1.590
2021

1.540
2020

0.000
2019

-
2018

-
2017

-
2016

-
2015

-
2014

-
2013
10-01-2013

-
2012

-

Contacts

Dqw Welsodwfyb
Owner
(725) 160-9718
ggvdtg.g@wkoircxshkyua.afs

Industry Classification