{
  "$schema": "https://json-schema.org/draft/2020-12/schema",
  "$id": "https://askcalculators.com/us/liability-insurance/schema.json",
  "title": "Business Liability Quoted-Rate Calculator — United States inputs",
  "description": "Reproduce an insurer-provided rating basis without inventing a market rate or a business classification. USD planning view; stated limitations apply.",
  "type": "object",
  "properties": {
    "ratedRevenue": {
      "title": "Revenue within the quoted rating basis",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 250000,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "USD",
      "x-unit": "currency"
    },
    "ratePerThousand": {
      "title": "Insurer quoted price per 1,000 revenue",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 3,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "USD",
      "x-unit": "currency"
    },
    "ratedEmployees": {
      "title": "Employees within an additional quoted basis",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 0,
      "minimum": 0,
      "maximum": 1000000,
      "x-step": 1,
      "multipleOf": 1
    },
    "ratePerEmployee": {
      "title": "Quoted additional price per employee",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 0,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "USD",
      "x-unit": "currency"
    },
    "minimumPremium": {
      "title": "Quoted minimum premium",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 500,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "USD",
      "x-unit": "currency"
    },
    "fees": {
      "title": "Explicit policy fees",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 0,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "USD",
      "x-unit": "currency"
    }
  },
  "required": [
    "ratedRevenue",
    "ratePerThousand",
    "ratedEmployees",
    "ratePerEmployee",
    "minimumPremium",
    "fees"
  ],
  "additionalProperties": false,
  "x-askcalculators": {
    "version": "20.16.0",
    "calculatorUrl": "https://askcalculators.com/us/liability-insurance/",
    "queryExample": "https://askcalculators.com/us/liability-insurance/?ratedRevenue=250000&ratePerThousand=3&ratedEmployees=0&ratePerEmployee=0&minimumPremium=500&fees=0",
    "migrationStatus": "new",
    "reviewStatus": "pending",
    "pageStatus": "live",
    "workStatus": "pending",
    "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."
    },
    "quality": {
      "availability": "live",
      "technicalReviewRecord": "/reviews/v20-us-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."
    },
    "outputs": {
      "revenuePremium": {
        "title": "Revenue-based quoted component",
        "type": "number",
        "x-format": "currency",
        "x-currency": "USD",
        "x-digits": 2
      },
      "employeePremium": {
        "title": "Employee-based quoted component",
        "type": "number",
        "x-format": "currency",
        "x-currency": "USD",
        "x-digits": 2
      },
      "premium": {
        "title": "Premium under the entered quote basis",
        "type": "number",
        "x-format": "currency",
        "x-currency": "USD",
        "x-digits": 2,
        "x-primary": true
      }
    }
  }
}