TURIMEX LLC

8915 SAN DARIO AVE
LAREDO, TX 78045

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.
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 42nd percentile.
  • In the last year, premium Decreased by more than 75% of peers.
Good

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 65% 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.

  • 12% of peers have changed carriers since last year. Those who did, saw a 46.7% decrease in premium vs those who stayed with their current provider had a 12.7% increase, roughly 4x those who stayed with their current provider.
  • Current Carrier's market share is in the 99th percentile at 51.5% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2022
10-24-2021

1.693
2021

1.693
2021

1.880
2021

1.695
2021

1.380
2020

1.693
2020

-
2020

1.695
2020

1.380
2019

1.693
2019

1.380
2019
07-24-2019

-
2019
07-24-2019

1.695
2017
07-15-2016
AR
-
2016
07-23-2015
AR
-
2016
04-01-2016
AR
-
2015
AR
-
2015
04-01-2015
AR
-
2014
AR
-
2014
04-01-2014
AR
-

Contacts

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Principal
(372) 556-2382
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(721) 857-3161
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Benefits Admin
(170) 647-7211
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Benefits Admin
(921) 020-8535
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Benefits Admin
(886) 582-6706
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(187) 083-0043
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Office Manager
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Benefits Admin
(846) 808-3751
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Benefits Admin
(095) 243-0615
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Industry Classification

Health Benefits

Financials

202020192018201720162015
BOY Assets: $ 0 $ 9 $ 994 $ 49
Liabilities: $ 0 $ 69 $ 3 $ 4
EE Contrib: $ 0 $ 77 $ 5 $ 9
Emp Contrib: $ 0 $ 694 $ 1 $ 9
Income/Loss: $ 0 $ 7,000,000 $ 25 $ 6 $ 2
Total Income: $ 0 $ 56 $ 9 $ 0
Paid Benefits: $ 0 $9,000,000,000
Expenses: $ 0 $ 6 $ 2 $ 1 $ 1 $ 8
  Commission: $ 0 $ 3
Net Income: $ 0 $ 3 $ 6
Net Assets: $ 0 $ 3 $ 7 $ 6

Participants

202020192018201720162015
Total Participants:428275505217128
Active Part.:426239314952378
Retired Part.:fd9ff9ff55ca
Deceased Part.:15aba500

Insurance

LJIAJWVBN XZKINYUQJM RI HOVHJ
Renewal:06-30-2020
Covered:98
  1. Health
  2. Prescription Drug
  3. PPO Contract

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 572,880
Commission4.67% $ 26,764
Fees0.25% $ 1,455
Brokers

Providers

No Providers

Features

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

    4R - Unfunded, fully insured, or combination unfunded/fully insured welfare plan that will not file an annual report for next plan year pursuant to 29 CFR 2520.104-20.

    4S - Unfunded, fully insured, or combination unfunded/fully insured welfare plan that stopped filing annual reports in an earlier plan year pursuant to 29 CFR 2520.104-20.

Motor Carrier