RIO VALLEY PIPE LLC

3609 W PALMA VISTA DR
PALMVIEW, TX 78572

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.
  • An osha violation that is followed by a premium increase may indicate a WC claim has occurred.
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 61st percentile.
  • In the last year, premium 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 41st percentile.
Good

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 99th percentile at 23.5% 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
2022
01-25-2022

1.693
2021

1.693
2020

1.693
2019

1.693
2018

-
2017

-
2016

-
2015
12-18-2014

-
2014
11-06-2013

-

Contacts

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Manager
(058) 057-5373
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Benefits Admin
(083) 953-9984
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Benefits Admin
(382) 833-2953
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Benefits Admin
(200) 309-6578
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Benefits Admin
(205) 460-9876
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Benefits Admin
(916) 890-4518
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Industry Classification

Health Benefits

Financials

202020192018201720162015
BOY Assets: $ 0 $ 0 $ 0 $ 2 $ 220
Liabilities: $ 0 $ 37 $ 1 $ 1
EE Contrib: $ 0 $ 805 $ 8 $ 4 $ 28
Emp Contrib: $ 0 $ 936 $ 7 $ 0
Income/Loss: $ 0 $ 46 $ 3 $ 4
Total Income: $ 0 $ 6 $ 762
Paid Benefits: $ 0 $ 6 $ 400 $ 4
Expenses: $ 0 $ 55 $ 4
  Commission: $ 0 $ 4 $ 4
Net Income: $ 0 $ 55 $ 3 $ 664 $ 4 $ 64
Net Assets: $ 0 $ 31 $ 0

Participants

202020192018201720162015
Total Participants:170783697376407464
Active Part.:170703316752752467
Retired Part.:b4eb78abeb4c
Deceased Part.:c3a54ce3

Insurance

ANOMHJVVE OFFFAUDSNE ON VTJHB
Renewal:12-31-2020
Covered:170
  1. Health
  2. Dental
  3. Prescription Drug
  4. HMO Contract
  5. PPO Contract

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 760,013
Commission2.98% $ 22,681
Fees0.2% $ 1,521
Brokers
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Renewal:12-31-2020
Covered:75
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 9,259
Commission10% $ 926
Fees3.35% $ 310
Brokers

Providers

No Providers

Features

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

    4D - Dental.

    4E - Vision.


OSHA