LIBERTO SPECIALTY CO INC

830 S PRESA ST
SAN ANTONIO, TX 78210

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 in-line with peers, in the 69th percentile.
  • In the last year, premium Decreased by 24%. While peers Increased an average of 3%.
Average

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.

  • 11% of peers have changed carriers since last year. Those who did, saw a 2.3% decrease in premium vs those who stayed with their current provider had a 3.4% increase.
  • Current Carrier's market share is in the 99th percentile at 28.7% of the market.
Good

OSHA

Most employers with 10 or more employees are required to maintain injury and illness records, known as the 300 log. In the event of an inspection, this information will likely be requested. Even without injury or claim, the proper documentation should be readily available on a location by location basis. These logs are critical but simple to maintain.

  • Businesses with serious and/or repeat violations should be provided with risk management practices to eliminate unnecessary risk and minimize what must exist in current processes.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.815
2022

1.693
2022

1.880
2022

-
2022

1.817
2021

1.693
2021

1.880
2021

-
2021

1.817
2020

1.693
2020

-
2020

-
2019

1.693
2019

-
2019

-
2018

-
2018

-
2018

-
2017

-
2017

-
2017

-
2016

-
2016

-
2016
12-10-2015

-
2015

-
2015

-
2015
11-30-2015

-
2014

-
2014

-
2014
11-30-2014

-
2013
11-30-2013

-
2012
11-30-2012

-

Contacts

Fvei Celtui
Owner
(985) 891-1795
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(185) 568-7690
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RWLHTG CZDFGQUO
Benefits Admin
(270) 502-3551
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Nyare Y Zodmmid
Chief Executive Officer
(528) 388-4456
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PNXMF GHUFCDUX
Benefits Admin
(191) 613-3554
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Canab Bmrgfab
President
(370) 007-1428
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REMNHQF QXZYJMMA
Benefits Admin
(999) 654-1243
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 8,120,071 $ 842,124 $ 8,189,215 $ 701,214 $ 1,599,025 $ 6,573,445 $ 7,196,102 $ 3,066,447 $ 6,955,043 $ 5,390,954 $ 9,539,147 $ 1,839,073
Liabilities: $ 0 $ 24 $ 1 $ 5 $ 951 $ 8,533 $ 3,104 $ 9,322 $ 8 $ 490 $ 64,448 $ 9,986
EE Contrib: $ 491,830 $ 636,992 $ 979,860 $ 948,463 $ 583,946 $ 104,629 $ 29,991 $ 812,737 $ 949,010 $ 506,982 $ 77,889 $ 584,634
Emp Contrib: $ 274,333 $ 822,323 $ 876,160 $ 74,039 $ 375,190 $ 797,497 $ 484,106 $ 542,297 $ 254,054 $ 930,578 $ 289,763 $ 165,145
Income/Loss: $ 1,362,240 $ 1,360,411 $ 8,889,887($ 706,090) $ 506,606 $ 552,716($ 14,713) $ 741,435 $ 733,304 $ 766,863($ 2,603) $ 463,614
Total Income: $ 2,128,403 $ 9,952,974 $ 4,762,295 $ 925,855 $ 3,021,604 $ 864,137 $ 159,551 $ 931,111 $ 646,084 $ 519,708 $ 804,654 $ 913,985
Paid Benefits: $ 343,800 $ 255,725 $ 3,287,419 $ 404,642 $ 323,828 $ 524,095 $ 685,505 $ 636,349 $ 872,872 $ 126,376 $ 42,193 $ 595,671
Expenses: $ 0 $ 32 $ 24 $ 4 $ 45
  Commission: $ 31,812 $ 62,339 $ 15,110 $ 395 $ 14,900 $ 80,485 $ 20,390 $ 85,013 $ 30,147 $ 48,757 $ 94,651 $ 86,201
Net Income: $ 1,752,791 $ 709,422 $ 900,713 $ 4,495 $ 2,725,159 $ 571,936 $ 99,695($ 84,456) $ 53,420 $ 438,452 $ 822,557 $ 795,458
Net Assets: $ 9,872,862 $ 6,143,933 $ 458,418 $ 1,752,774 $ 1,092,812 $ 7,469,180 $ 1,762,960 $ 1,545,607 $ 7,169,034 $ 6,086,051 $ 1,794,102 $ 9,701,868

Participants

202120202019201820172016201520142013201220112010
Total Participants:105359772583985151208463702419243
Active Part.:798675832805330327d33 c93
Retired Part.:c8e17ee688c8e009e033 89
Deceased Part.:39fe ef10534212d8882 9ee0

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2A - Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).

    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.

    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.


OSHA