{
  "id": "v20-uk-liability-insurance",
  "version": "20.16.0",
  "name": "Business Liability Quoted-Rate Calculator — United Kingdom",
  "shortName": "Business Liability Quoted-Rate",
  "description": "Reproduce an insurer-provided rating basis without inventing a market rate or a business classification. GBP planning view; stated limitations apply.",
  "category": "Finance",
  "categorySlug": "finance",
  "keywords": [
    "liability-insurance",
    "uk",
    "insurance-consumer",
    "insurance-terms"
  ],
  "status": "live",
  "workStatus": "pending",
  "reviewStatus": "pending",
  "migrationStatus": "new",
  "engine": "native",
  "creator": null,
  "reviewer": null,
  "quality": {
    "availability": "live",
    "technicalReviewRecord": "/reviews/v20-uk-liability-insurance.json",
    "qualifiedReview": "pending",
    "qualifiedReviewer": null,
    "qualifiedReviewDate": null,
    "formulaVersion": "20.16.0",
    "referenceCoverage": "references-listed",
    "releaseTestScope": "Catalog and regression checks are not a professional formula audit; consult release evidence.",
    "historicalMetadataDate": "",
    "historicalMetadataNotice": "The imported date is not evidence of a completed human review."
  },
  "notice": "Illustrative defaults are not local quotes or verified legal rules. Dated reference components and user-entered assumptions are explicitly distinguished. Professional review is pending.",
  "urls": {
    "page": "/uk/liability-insurance/",
    "definition": "/uk/liability-insurance/definition.json",
    "schema": "/uk/liability-insurance/schema.json",
    "llms": "/uk/liability-insurance/llms.txt",
    "legacyDefinition": "/uk/liability-insurance/definition.json"
  },
  "queryExample": "https://askcalculators.com/uk/liability-insurance/?ratedRevenue=250000&ratePerThousand=3&ratedEmployees=0&ratePerEmployee=0&minimumPremium=500&fees=0",
  "queryParameters": {
    "ratedRevenue": {
      "label": "Revenue within the quoted rating basis",
      "type": "money",
      "required": true,
      "default": 250000
    },
    "ratePerThousand": {
      "label": "Insurer quoted price per 1,000 revenue",
      "type": "money",
      "required": true,
      "default": 3
    },
    "ratedEmployees": {
      "label": "Employees within an additional quoted basis",
      "type": "number",
      "required": true,
      "default": 0
    },
    "ratePerEmployee": {
      "label": "Quoted additional price per employee",
      "type": "money",
      "required": true,
      "default": 0
    },
    "minimumPremium": {
      "label": "Quoted minimum premium",
      "type": "money",
      "required": true,
      "default": 500
    },
    "fees": {
      "label": "Explicit policy fees",
      "type": "money",
      "required": true,
      "default": 0
    }
  },
  "inputs": [
    {
      "id": "ratedRevenue",
      "label": "Revenue within the quoted rating basis",
      "type": "money",
      "defaultValue": 250000,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "GBP",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "ratePerThousand",
      "label": "Insurer quoted price per 1,000 revenue",
      "type": "money",
      "defaultValue": 3,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "GBP",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "ratedEmployees",
      "label": "Employees within an additional quoted basis",
      "type": "number",
      "defaultValue": 0,
      "required": true,
      "min": 0,
      "max": 1000000,
      "step": 1,
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "ratePerEmployee",
      "label": "Quoted additional price per employee",
      "type": "money",
      "defaultValue": 0,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "GBP",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "minimumPremium",
      "label": "Quoted minimum premium",
      "type": "money",
      "defaultValue": 500,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "GBP",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "fees",
      "label": "Explicit policy fees",
      "type": "money",
      "defaultValue": 0,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "GBP",
      "help": "Illustrative starting value; replace with your own evidence."
    }
  ],
  "outputs": [
    {
      "id": "revenuePremium",
      "label": "Revenue-based quoted component",
      "format": "currency",
      "digits": 2,
      "currency": "GBP"
    },
    {
      "id": "employeePremium",
      "label": "Employee-based quoted component",
      "format": "currency",
      "digits": 2,
      "currency": "GBP"
    },
    {
      "id": "premium",
      "label": "Premium under the entered quote basis",
      "format": "currency",
      "digits": 2,
      "primary": true,
      "currency": "GBP"
    }
  ],
  "formula": {
    "expression": "premium = maximum(quoted minimum, revenue/1,000 × quoted rate + rated employees × quoted employee rate) + fees.",
    "note": "Inputs are converted to canonical units before evaluating this stated formula."
  },
  "examples": [
    {
      "label": "Illustrative defaults; required verification checks remain unconfirmed",
      "inputs": {
        "unitSystem": "metric",
        "ratedRevenue": 250000,
        "ratePerThousand": 3,
        "ratedEmployees": 0,
        "ratePerEmployee": 0,
        "minimumPremium": 500,
        "fees": 0
      }
    }
  ],
  "sources": [
    {
      "label": "NAIC consumer insurance resources",
      "url": "https://content.naic.org/consumer"
    },
    {
      "label": "NAIC insurance glossary",
      "url": "https://content.naic.org/glossary-insurance-terms"
    }
  ],
  "publicSlug": "liability-insurance",
  "namespace": "uk",
  "countries": [
    "us",
    "ca",
    "uk",
    "ie"
  ]
}