LA MEXICANA TORTILLA FACTORY INC

715 SKYLINE DR
DUNCANVILLE, TX 75116

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 in-line with peers, in the 72nd percentile.
  • In the last year, premium Decreased by 10%. While peers Increased an average of 5%.
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 69% 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.

  • 9% of peers have changed carriers since last year. Those who did, saw a 3.3% increase in premium vs those who stayed with their current provider had a 4.6% increase.
  • Current Carrier's market share is in the 99th percentile at 35.1% 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

1.693
2021

1.693
2020

1.943
2019

1.650
2019

1.650
2018

2.070
2017

2.140

Contacts

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President
(280) 314-9693
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Benefits Admin
(135) 756-9980
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Benefits Admin
(463) 080-6232
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Industry Classification

Health Benefits

Financials

20222021202020192018
BOY Assets: $ 110,390 $ 668,433 $ 11,632 $ 80,656 $ 9
Liabilities: $ 0 $ 597 $ 362 $ 5 $ 6
EE Contrib: $ 0 $ 8 $ 33,880 $ 72,051 $ 860,575
Emp Contrib: $ 49,848 $ 891,153 $ 74,661 $ 705,415 $ 32,315
Income/Loss: $ 15 $ 958 $ 4,293 $ 8,246 $ 214
Total Income: $ 49,863 $ 890,036 $ 774,528 $ 578,243 $ 736,995
Paid Benefits: $ 74,502 $ 87,357 $ 63,749 $ 527,890 $ 47,349
Expenses: $ 0 $ 8 $ 5
  Commission: $ 1,261 $ 29,203 $ 23,694 $ 63,723 $ 1,159
Net Income:($ 25,900)($ 117) $ 34,362 $ 322 $ 1,468
Net Assets: $ 84,490 $ 540,870 $ 953,718 $ 57,822 $ 3,172

Participants

20222021202020192018
Total Participants:28078965
Active Part.:24181757
Retired Part.:0ebe1a7
Deceased Part.:f78 a2d

Insurance

No Insurance Coverage

Providers

No Providers

Features

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


OSHA