BUILDERS DESIGN LLC

7601 LINDBERGH DR
GAITHERSBURG, MD 20879

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.
  • 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

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 71% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • LCM Increased by more than 75% of peers.
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.

  • 15% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 7.4% of the market.
Average

Business Stats

Policy History

Term Carrier Premium LCM
2023

2.570
2023

2.500
2023

-
2023

1.859
2023

-
2023

2.172
2023

1.990
2023

1.860
2022

2.340
2022

2.400
2022

-
2022

1.542
2022

1.859
2022

-
2022

1.470
2022

1.900
2022

1.804
2022
03-16-2022

1.955
2021

2.340
2021

2.400
2021

-
2021

2.000
2021

-
2021

1.470
2021
02-08-2021

1.700
2020

2.060
2020

2.200
2020

-
2020

-
2020

1.600
2020

1.730
2020
02-24-2020

2.000
2019

2.060
2019

-
2019

2.000
2019

1.730
2019
10-27-2018

2.200
2019
10-27-2018

1.600
2019
09-30-2019

-
2018

2.060
2018

-
2018

1.600
2018

1.730
2018

2.400
2018

-
2017

2.060
2017

-
2017

1.600
2017

-
2017

1.730
2017

2.680
2017

-
2017
09-30-2017

1.956
2016

-
2016

-
2016

1.380
2016

2.140
2016

-
2016
09-30-2016

1.565
2015

-
2015

-
2015

1.380
2015

1.565
2015

-
2014

-
2014

-
2014

1.450
2014

-
2014
09-30-2014

-
2013

-
2013

-
2013
09-30-2013

-
2012

-
2012
09-30-2012

-
2011

-
2010

-
2009
09-30-2009

-

Contacts

Wiffx Hkcmhb
Managing Partner
(192) 599-2919
wbms@kvndbbuqmnvmf.bcs

ALHTAHOE WPAM
Benefits Admin
(686) 299-6733
161

Tfvhii Njwd
Chief Executive Officer
(336) 673-5231
750

KEXRD JPCBHK
Benefits Admin
(751) 003-8745
7a9a

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 3,012,375 $ 3,426,749 $ 7,995,492 $ 4,595,048 $ 6,462,806 $ 393,687 $ 3,571,213 $ 4,742,268 $ 5,629,402 $ 1,257,294 $ 2,875,829 $ 283,259
Liabilities: $ 0 $ 2 $ 9 $ 5 $ 15
EE Contrib: $ 344,915 $ 104,023 $ 627,606 $ 607,275 $ 340,842 $ 951,700 $ 845,647 $ 632,060 $ 252,530 $ 757,654 $ 130,060 $ 805,511
Emp Contrib: $ 0 $ 9 $ 97 $ 2 $ 90 $ 637 $ 0 $ 3
Income/Loss: $ 303,564 $ 902,540 $ 665,859($ 41,397) $ 380,962 $ 920,577 $ 3,999 $ 902,627 $ 855,111 $ 430,017($ 52,463) $ 6,963
Total Income: $ 648,479 $ 585,854 $ 24,238 $ 17,794 $ 798,059 $ 276,567 $ 517,500 $ 912,312 $ 894,379 $ 393,485 $ 56,589 $ 82,942
Paid Benefits: $ 594,223 $ 73,965 $ 90,742 $ 78,282 $ 99,790 $ 656,633 $ 608,921 $ 413,643 $ 901,231 $ 928,612 $ 28,095 $ 247,169
Expenses: $ 0 $ 6 $ 7 $ 6 $ 5 $ 377 $ 768 $ 637 $ 76 $ 6 $ 0
  Commission: $ 24,476 $ 12,896 $ 89,902 $ 80,190 $ 5,734 $ 4,022 $ 7,023 $ 3,707 $ 7,082 $ 3,159 $ 6,832 $ 2,691
Net Income: $ 29,780 $ 73,475 $ 840,980 $ 25,111 $ 294,967($ 4,938)($ 387,108)($ 830,171) $ 68,963 $ 881,897 $ 14,164($ 655,393)
Net Assets: $ 3,042,155 $ 919,901 $ 7,997,952 $ 2,137,817 $ 182,551 $ 8,976,438 $ 2,805,897 $ 1,464,810 $ 9,553,882 $ 8,781,081 $ 9,402,092 $ 8,720,326

Participants

202120202019201820172016201520142013201220112010
Total Participants:119861055866725486891659626
Active Part.:905714468072636ae1330e84
Retired Part.:1dd0f9fb88fcc8b9839c5 5b
Deceased Part.:d54c52b9df553f1db30d9fd54

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.

    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.

    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.

Motor Carrier