UNITED SPECIALTY AUTOMOTIVE LLC

PO BOX 150340
FORT WORTH, TX 76108

Talking Points

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 100% of peers.
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 64% 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.

  • 11% of peers have changed carriers since last year. Those who did, saw a 36.5% decrease in premium vs those who stayed with their current provider had a 4.5% decrease, roughly 8x those who stayed with their current provider.
  • Current Carrier's market share is in the 95th percentile at 69.4% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2022

1.693
2022

1.880
2022

-
2022

1.380
2021

1.693
2021

1.880
2021

1.380
2021

-
2020

1.693
2020

-
2020

1.380
2019

1.693
2019

1.380
2019
10-01-2019

-
2018

-
2018

1.380
2018
10-01-2018

-
2017

1.380
2017
01-11-2017

-
2016

-

Contacts

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General Manager
(171) 058-7746
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Benefits Admin
(871) 195-8221
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(459) 937-8395
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 106,248 $ 160,141 $ 44,454 $ 366,726 $ 883,848 $ 564,625 $ 433,243 $ 608,343 $ 941,477 $ 661,266 $ 659,062 $ 897,655
Liabilities: $ 0 $ 3 $ 3 $ 3 $ 64 $ 3
EE Contrib: $ 0 $ 8 $ 3($ 3,431) $ 13 $ 2
Emp Contrib: $ 0 $ 6 $ 9 $ 67 $ 1 $ 5 $ 1
Income/Loss: $ 863 $ 2,075 $ 9,197($ 17,299) $ 7,869($ 19,255)($ 95,532)($ 4,025) $ 42,470 $ 490 $ 17,728
Total Income: $ 863 $ 784 $ 1,498($ 14,458) $ 6,865($ 18,342)($ 71,617)($ 5,533)($ 7,893) $ 32,748 $ 309 $ 83,190
Paid Benefits: $ 0 $ 204 $ 61 $ 21 $ 2 $ 98 $ 97,849 $ 2
Expenses: $ 0 $ 439 $ 994 $ 3 $ 92 $ 30 $ 834 $ 7
  Commission: $ 0 $ 7 $ 4 $ 35 $ 0 $ 37 $ 10
Net Income: $ 863 $ 1,324 $ 3,465($ 96,649) $ 1,758($ 51,920)($ 5,424)($ 5,699)($ 341) $ 14,607 $ 97 $ 1,021
Net Assets: $ 107,111 $ 918,747 $ 936,553 $ 57,583 $ 182,260 $ 117,079 $ 137,078 $ 282,669 $ 540,251 $ 279,477 $ 93,973 $ 393,407

Participants

202120202019201820172016201520142013201220112010
Total Participants:183490320488
Active Part.:194030263579931
Retired Part.:1c3def4a31a9fc6444
Deceased Part.:2ee2cc22f6cb9f850cb046

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2E - Profit-sharing