KINGS III OF AMERICA LLC

751 CANYON DR STE 100
COPPELL, TX 75019

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • Premium increase and carrier group change may indicate a claim occurrence.
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 Higher than 80% of peers.
  • In the last year, premium Decreased by 25%. While peers Increased an average of 1%.
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 76% 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.

  • 13% of peers have changed carriers since last year. Those who did, saw a 9.8% decrease in premium vs those who stayed with their current provider had a 2.9% increase, roughly 3x those who stayed with their current provider.
  • Current Carrier's market share is in the 75th percentile at 4.9% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

-
2023

2.400
2023

1.510
2023

1.941
2022

1.950
2022

1.830
2022

-
2022

2.101
2022

2.500
2022

-
2022

-
2022

-
2022

1.630
2022

-
2022

-
2022

1.780
2022

2.400
2022

1.510
2022

1.520
2022

1.687
2022

1.460
2022

1.501
2021

1.950
2021

1.850
2021

-
2021

2.100
2021

-
2021

-
2021

-
2021

1.630
2021

-
2021

-
2021

1.780
2021

2.400
2021

1.510
2021

1.250
2021

1.520
2021

1.584
2021

1.460
2021

1.400
2020

1.943
2020

2.184
2020

-
2020

-
2020

2.141
2020

-
2020

-
2020

-
2020

-
2020

1.740
2020

1.766
2020

1.510
2020

1.750
2020

1.743
2020

1.835
2020

1.673
2020
11-22-2019

1.400
2020
11-22-2019

2.225
2019

1.842
2019

2.060
2019

-
2019

-
2019

1.771
2019

-
2019

1.350
2019

-
2019

-
2019

-
2019

1.630
2019

1.766
2019

1.430
2019

1.500
2019

-
2019

1.610
2019
01-15-2019

2.103
2018

3.350
2018

2.110
2018

-
2018

-
2018

-
2018

1.450
2018

-
2018

1.900
2018

-
2018

1.480
2018

1.390
2018

1.640
2018
11-22-2018

1.710
2017

3.350
2017

2.110
2017

-
2017

-
2017

-
2017

-
2017

1.900
2017

1.480
2017

1.390
2017

1.230
2016

-
2016

-
2016

-
2016

-
2016

-
2016

1.480
2016

1.390
2016

1.820
2015

-
2015

-
2015

-
2015

1.480
2015

-
2015

-
2014

-
2014

-
2014

-
2014

-
2014

-
2013

-
2013

-
2013

-
2012

-

Contacts

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(674) 464-5381
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(625) 393-2935
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CZII JTPBQMOQK
Benefits Admin
(429) 393-1744
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APKG RZNCAPPR
Benefits Admin
(604) 725-6020
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(999) 117-9931
3ba4

Rrziew Psobio
Owner
(615) 197-9388
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MQNZMXAP OSXWWOGQBB
Benefits Admin
(573) 783-1315
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JLPWJ BTMJS
Benefits Admin
(423) 407-4514
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GZWOP RZMUCV ASL
Responsible Managing Member
(502) 849-1538
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Bekeho Ftmfhu
Owner
(569) 965-3773
pnnxz@xgeovajr.qjp

Efogsc Ieazt
CEO
(356) 422-1721
snnkmh@fujpksga.kmt

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 5,388,301 $ 6,372,666 $ 2,617,083 $ 4,015,180 $ 1,778,378 $ 7,359,463 $ 7,372,263 $ 2,244,786 $ 1,691,980 $ 6,078,059 $ 8,123,804 $ 909,927
Liabilities: $ 0 $ 579 $ 70 $ 0 $ 95 $ 5 $ 715 $ 90,000,000 $ 27 $ 5
EE Contrib: $ 667,379 $ 925,918 $ 216,656 $ 337,379 $ 819,638 $ 463,252 $ 696,882 $ 47,932 $ 557,789 $ 435,126 $ 114,019 $ 657,698
Emp Contrib: $ 220,401 $ 846,708 $ 851,996 $ 776,884 $ 89,510 $ 516,863 $ 7 $ 86,122 $ 93,179 $ 3 $ 91,913 $ 26,694
Income/Loss: $ 291,158 $ 754,138 $ 794,202($ 684,852) $ 149,250 $ 732,921($ 75,301) $ 40,653 $ 140,301 $ 268,905($ 39,134) $ 6,079
Total Income: $ 1,603,249 $ 1,802,712 $ 2,077,510 $ 934,712 $ 270,329 $ 467,892 $ 634,220 $ 359,145 $ 874,992 $ 495,597 $ 852,276 $ 930,665
Paid Benefits: $ 86,457 $ 250,359 $ 951,356 $ 382,872 $ 49,270 $ 675,625 $ 83,488 $ 51,533 $ 876,621 $ 775,619 $ 605,902 $ 49,584
Expenses: $ 0 $ 9 $ 36 $ 4 $ 4 $ 29
  Commission: $ 26,241 $ 35,059 $ 15,908 $ 27,065 $ 47,782 $ 16,718 $ 5,192 $ 88 $ 8 $ 6,736 $ 369 $ 8,176
Net Income: $ 1,490,551 $ 4,282,564 $ 7,728,716($ 792,987) $ 99,072 $ 252,371 $ 789,736 $ 520,951 $ 212,349($ 1,615) $ 77,021 $ 530,616
Net Assets: $ 6,878,852 $ 8,834,812 $ 4,733,462 $ 9,887,908 $ 2,244,197 $ 2,138,037 $ 8,930,908 $ 897,202 $ 2,265,341 $ 3,826,382 $ 8,534,022 $ 8,508,252

Participants

202120202019201820172016201520142013201220112010
Total Participants:18296891229832881240554954215072
Active Part.:1501178760861627123074f7c6fffa
Retired Part.:36e9dd4ed5652 2a5e4d
Deceased Part.:1adb02520e30ef4122d34f

Insurance

SBQLOZMG AUWBWRIRB KINXNTG
Renewal:12-31-2021
Covered:30
PENSION_EOY_SEP_ACCT_AMT: 0PENSION_PREM_PAID_TOT_AMT: 0

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 0
Fees $ 0

Providers

DBQ KNDOXKP SVNZ
120 SOUTH LASALLE STREET
CHICAGO, IL 60603
Investment advisory (participants)
Investment advisory (plan)
Compensation:$14,500
Relation:ADVISOR
BOHGKCD DKLZW, ACU.Contract Administrator
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Compensation:$11,741
Relation:RECORDKEEPER

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.

Health Benefits

Financials

202220212020201920182017
BOY Assets: $ 0 $ 0 $ 81 $ 55 $ 84
Liabilities: $ 0 $ 8 $ 5 $ 45 $ 4
EE Contrib: $ 0
Emp Contrib: $ 0 $ 7 $ 1 $ 44 $ 45
Income/Loss: $ 0 $ 3 $ 13 $ 3 $ 7
Total Income: $ 0 $ 615 $ 8 $ 1
Paid Benefits: $ 0 $ 301 $ 9 $ 84
Expenses: $ 0 $ 2 $ 6
  Commission: $ 0 $ 1 $ 432
Net Income: $ 0 $ 2 $ 0
Net Assets: $ 0 $ 6

Participants

202220212020201920182017
Total Participants:180731083284091127
Active Part.:180775838251573825
Retired Part.:209d2c86
Deceased Part.:6 bd9d2ba1aab

Insurance

ICMHQKIJ KIUE WWUXAYULH LMZZKLV
Renewal:03-31-2022
Covered:180
  1. Vision
  2. Life Insurance
  3. Temp. Disability Insurance
  4. Long Term Disab. Ins
  5. AD&D

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 121,102
Commission3.95% $ 4,783
Fees3.37% $ 4,078
Brokers
QAXUYP ONRV DLNZEPS OWLYRTINCQX
Renewal:03-31-2022
Covered:316
  1. Health
  2. Dental

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 1,758,441
Commission4.58% $ 80,578
Fees0.07% $ 1,287
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.

    4Q - Other.

Motor Carrier