INNOVATIVE TURNAROUND CONTROLS, LTD

16610 SEA LARK RD
HOUSTON, TX 77062

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 26th percentile.
  • In the last year, premium Decreased by 51%. While peers Increased an average of 14%.
Good

Experience Mod Rating

Mod is an indication of how risky a company is to insure. It is based on a company's claim history.

  • Experience Mod is high. It is in the 82nd percentile compared to peers.
  • Mod increased by more than 75% 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 in-line with peers, in the 55th percentile.
Average

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.

  • 16% of peers have changed carriers since last year. Those who did, saw a 8.5% decrease in premium vs those who stayed with their current provider had a 17.6% increase.
  • Current Carrier's market share is in the 95th percentile at 11.1% of the market.
Good

Business Stats

County
FEIN
Bureau ID
Renewal Mod
PEO
Employees
Sales
OSHA Violations
OSHA Penalty Amount
Drivers
Power Units
Auto Carrier

Policy History

Term Carrier Premium LCM
2023

1.707
2023

2.080
2023

-
2023

1.859
2023

1.384
2023

1.543
2023

1.482
2023

1.796
2022

1.707
2022

2.003
2022

1.448
2022

2.011
2022

1.490
2022

1.540
2022

2.005
2022

1.859
2022

1.400
2022

1.543
2022

1.482
2022

1.727
2022

0.960
2022
05-31-2022
-
2021

1.707
2021

1.870
2021

1.448
2021

1.970
2021

1.443
2021

1.080
2021

1.540
2021

2.005
2021

1.707
2021

1.400
2021

-
2021

2.302
2021

1.482
2021

1.456
2021

0.960
2020

1.645
2020

-
2020

1.448
2020

1.970
2020

1.600
2020

1.077
2020

1.540
2020

2.005
2020

1.707
2020

-
2020

2.005
2020

1.482
2020

1.482
2020

1.456
2020

0.957
2019

1.583
2019

1.600
2019

1.148
2019

-
2019

1.970
2019

-
2019

1.080
2019

-
2019

2.005
2019

1.815
2019

-
2019

2.005
2019

1.482
2019

1.456
2019

1.043
2019
08-06-2018
2.534
2018

1.919
2018

1.080
2018

-
2018

2.124
2018

2.027
2018

2.103
2018

-
2018

-
2018

2.027
2018

-
2018

1.043
2018
05-31-2018
2.534
2018
05-31-2018
2.534
2017

1.805
2017

1.615
2017

1.080
2017

1.444
2017

-
2017

-
2017

1.444
2017

-
2017

1.444
2017

1.444
2017

1.043
2016

2.019
2016

-
2016

1.699
2016

1.601
2016

-
2016

1.699
2016

-
2015

-
2015

-
2015

-
2015

-
2015

1.699
2015

1.699
2014

-
2014

-
2014

-
2014

1.601
2014

-
2014
05-31-2014
-
2013

-
2013

-

Contacts

8
(336) 563-2916
0b0
DYUOZJYAV V. MTQZLVV
Benefits Admin
(815) 767-7004
4c12a
WXDUYEPFU IIQLGYK
Benefits Admin
(372) 912-7501
d44
Wwgd Aqxsope
President
(670) 181-2602
d59d9
BXCV BUCW
Benefits Admin
(497) 580-9151
1430
JCGKZNDGW PXCXQCR
Benefits Admin
(165) 434-6099
61409
KBZDMZNHW VGGBDLZ
Benefits Admin
(496) 923-8396
37d62
BXHHROCSR S. RYDNSOV
Project Manager & Regional Suppo
(357) 770-8695
ckjhrepnqn@xmdzf.pct

Industry Classification

Industry
Class
 Ferries--Coverage Under Admiralty Law--Program II--State Act Benefits
Loss Cost
NAICS
 Support Activities for Oil and Gas Operations
SIC
 Oil and Gas Field Services, Nec
Related GL Codes* 0
Boat Transportation Companies
91666
Diving--Marine
98152
Oil or Gas Lease Work by Contractors--Not Lease Operation
98153
Oil or Gas Wells--Acidizing
98154
Oil or Gas Wells--Cementing
98155
Oil or Gas Wells--Cleaning or Swabbing by Contractors
Related Class Codes*
Related SIC Codes*

Retirement Benefits

Financials

20212020201920182017201620152014201320112010
BOY Assets: $ 2,931,759 $ 8,025,101 $ 3,829,626 $ 5,259,011 $ 220,915 $ 6,350,364 $ 5,769,482 $ 9,520,927 $ 8,349,301 $ 757,788 $ 825,971
Liabilities: $ 0 $ 444 $ 107 $ 7 $ 0
EE Contrib: $ 433,581 $ 334,010 $ 182,066 $ 145,040 $ 85,848 $ 217,532 $ 944,884 $ 967,135 $ 620,525 $ 435,317 $ 207,595
Emp Contrib: $ 40,359 $ 51,211 $ 53,087 $ 8,681 $ 44,241 $ 11,389 $ 67,751 $ 20,006 $ 13,620 $ 95,426 $ 66,171
Income/Loss: $ 293,409 $ 104,724 $ 285,704($ 158,976) $ 517,885 $ 816,987($ 75,769) $ 532,142 $ 81,712($ 40,284) $ 52,892
Total Income: $ 773,133 $ 665,886 $ 4,968,643 $ 161,450 $ 427,630 $ 27,305 $ 287,279 $ 105,986 $ 128,171 $ 767,363 $ 556,871
Paid Benefits: $ 365,551 $ 990,908 $ 123,959 $ 869,455 $ 959,694 $ 273,113 $ 441,125 $ 905,998 $ 322,996 $ 53,825 $ 663
Expenses: $ 0 $ 836 $ 9 $ 52 $ 4 $ 6 $ 8 $ 9 $ 235 $ 7,215
  Commission: $ 18,781 $ 3,606 $ 63,832 $ 34,782 $ 44,342 $ 35,749 $ 18,031 $ 93,057 $ 78,071 $ 76 $ 681
Net Income: $ 388,801 $ 990,253 $ 903,664($ 824,137) $ 13,403 $ 37,910 $ 365,944 $ 150,957 $ 811,599 $ 464,997 $ 817,398
Net Assets: $ 3,320,560 $ 1,772,580 $ 4,844,368 $ 7,633,033 $ 654,798 $ 250,003 $ 6,966,701 $ 9,874,077 $ 8,668,393 $ 2,267,871 $ 936,700

Participants

20212020201920182017201620152014201320112010
Total Participants:13503967111234706896764253340556
Active Part.:957662993648502492468110224da7
Retired Part.:642432da 026e890
Deceased Part.:b423860debb2bcbbb0c6e

Insurance

VQGJLDZXTXNZ ZRRK WBLKEEXUM LEHDLHA
Renewal:12-31-2021
Covered:135
PENSION_EOY_SEP_ACCT_AMT: 2951271PENSION_PREM_PAID_TOT_AMT: 0
Retention: $ 0
Claims: $ 0
Loss Ratio:		Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 15,053
Fees $ 1,521
Brokers

Providers

PSADRBLMVAPN UZYE AHNMDBOMZ GCTZIQM
BIWGEOZMAFZN TFEJ EMTWJCDGK YP.Recordkeeping and information management (computing, tabulating, data processing, etc.)
Participant loan processing
Investment management fees paid indirectly by plan
Float revenue
Recordkeeping fees
Other insurance wrap fees
Compensation:$12,372
Relation:RECORDKEEPER
VZBPV Z. WQXFY FFRAGGSRecordkeeping and information management (computing, tabulating, data processing, etc.)
Participant loan processing
Recordkeeping fees
Compensation:$780
Relation:RECORDKEEPER
UTMXMUW BIYKSFAKI, UWY.Investment advisory (plan)
Compensation:$608
Relation:INVESTMENT ADVISORY

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.

    2T - Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

    3B - Plan covering Self-Employed individuals.

    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.

    3H - Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Health Benefits

Financials

2020201920182017
BOY Assets: $ 0 $ 724 $ 79
Liabilities: $ 0 $ 87 $ 0
EE Contrib: $ 0 $ 3 $ 2 $ 1
Emp Contrib: $ 0 $ 2 $ 6
Income/Loss: $ 0 $ 6 $ 84
Total Income: $ 0 $ 247
Paid Benefits: $ 0 $ 7 $ 713 $ 55
Expenses: $ 0 $ 2 $ 88 $ 87
  Commission: $ 0 $ 188 $ 8
Net Income: $ 0 $ 35 $ 7
Net Assets: $ 0 $ 9 $ 4

Participants

2020201920182017
Total Participants:15974788507
Active Part.:15927998821
Retired Part.:bd233f
Deceased Part.:beb443c

Insurance

GNKCIOESHCCK RKPG MJYVQEPPL EFSFRUL
Renewal:08-31-2020
Covered:159
  1. Dental
  2. Vision
  3. Life Insurance
  4. Temp. Disability Insurance
  5. Long Term Disab. Ins
  6. ACCIDENTAL DEATH AND DISMEMBERMENT, EMPLOYEE ASSISTANCE PROGRAM

Retention: $ 0
Claims: $ 0
Loss Ratio:		Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 171,104
Commission14.03% $ 24,005
Fees1.43% $ 2,450
Brokers

Providers

No Providers

Features

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

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4F - Temporary disability (accident and sickness).

    4H - Long-term disability.

    4L - Death benefits (include travel accident but not life insurance).

    4Q - Other.

    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.

Start Winning


Get the best Commercial Insurance and Benefits Data available


Free Trial!

Free Insurance Tools

Class Code Lookup

NAICS Lookup

SIC Code Lookup

GL Code Lookup

Carrier Lookup

Agent Resources
Loss Costs & Loss Cost Multipliers
What is a Loss Cost? What is a Loss Cost Multiplier? As a Commercial Insurance Producer, why is this information important to me? Grab that ‘world’s best insurance agent’ mug, fill it up with some cheap office coffee and lets get cracking.
READ MORE
New Features & Updates
2021 – Q3 Updates – OSHA & Carrier Report, AgencyDash
The OSHA Report got a face lift to make it WAY easier to read. Carrier Report is revamped and optimized for each state’s data availability...
READ MORE
On Boarding
Reports
The reports section has seen several iterations and will likely see more in the future. Each report has a purpose...
READ MORE
Case Studies & Usage Examples
Tools of the (remote) Trade
Thanks to current technology (last 15 years), practically all operations conducted in a typical insurance office can be done remotely, and for a very reasonable price point...
READ MORE