United States version
How it works
Check a quoted workers-compensation rating calculation for one confirmed payroll class.
This is the United States planning view, with monetary inputs and outputs in USD. A currency label does not establish that a tax rate, construction price, coverage rule or legal limit has been verified locally. The inputs and limitations below describe the actual scope.
Input query strings and outputs
Use an input name in this page’s URL as ?name=value, and join additional inputs with &. Portable shared links may instead use the compact ?ac= state parameter.
Input query strings
6-
?coveredPayroll=Payroll in the confirmed classMoney · Required · Default: 500,000
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?classRate=Confirmed class rate per 100 payrollMoney · Required · Default: 2
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?experienceModifier=Confirmed experience modifierNumber · Required · Default: 1
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?scheduleModifier=Confirmed schedule modifierNumber · Required · Default: 1
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?minimumPremium=Quoted minimum premiumMoney · Required · Default: 0
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?fees=Explicit fees and assessmentsMoney · Required · Default: 0
Outputs
3-
manualPremiumManual class premiumCurrency · Currency: USD
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modifiedPremiumModified class premiumCurrency · Currency: USD
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totalPremiumModeled premium and feesCurrency · Primary output · Currency: USD
Formula
manual premium = covered payroll/100 × confirmed class rate; apply explicit modifiers and quoted minimum.
Calculations retain numeric precision internally. Displayed values are rounded for readability. Quantities that must be purchased as whole units are rounded up only where the formula explicitly requires it.
Read the inputs before calculating
- Payroll in the confirmed class: Enter the quantity described by the label.
- Confirmed class rate per 100 payroll: Enter the quantity described by the label.
- Confirmed experience modifier: Enter the quantity described by the label.
- Confirmed schedule modifier: Enter the quantity described by the label.
- Quoted minimum premium: Enter the quantity described by the label.
- Explicit fees and assessments: Enter the quantity described by the label.
Reproducible worked example
The following is a fictional arithmetic example, not a local quote, a verified claimant or a market forecast. Its values are included so the formula can be checked. The form does not automatically confirm any verification checkbox.
| Input | Example value |
|---|---|
| Payroll in the confirmed class | 500,000 |
| Confirmed class rate per 100 payroll | 2 |
| Confirmed experience modifier | 1 |
| Confirmed schedule modifier | 1 |
| Quoted minimum premium | 0 |
| Explicit fees and assessments | 0 |
| Output | Calculated result |
|---|---|
| Manual class premium | USD 10,000 |
| Modified class premium | USD 10,000 |
| Modeled premium and fees | USD 10,000 |
Interpreting a changed assumption
Start with one complete scenario and change only one input when diagnosing a difference. Recheck units, the period of every rate, whether an amount is recurring or one-off, and whether a cost is already included elsewhere. A larger calculated benefit is not evidence that an assumption is more likely to occur.
Limitations
- Use actual policy wording, quotes and jurisdiction-specific requirements. This is a planning worksheet, not a coverage recommendation, insurer quote or determination of a payable claim.
- No class code, payroll inclusion, state benefit, statutory obligation or experience modifier is invented. Split multiple classes and use the insurer/state rating rules for interaction, rounding and assessments.
Frequently asked questions
What does this Workers Compensation Quoted-Rate result represent?
Check a quoted workers-compensation rating calculation for one confirmed payroll class. It applies the displayed formula to your inputs; it does not infer omitted facts.
Are the starting amounts verified United States prices or legal rules?
No. Numeric defaults are illustrative unless an input or dated reference explicitly identifies a researched component. Currency is USD; local quotes, eligibility and unsupported rules must be entered and verified separately.
What must I check before relying on the result?
Use actual policy wording, quotes and jurisdiction-specific requirements. This is a planning worksheet, not a coverage recommendation, insurer quote or determination of a payable claim.
Can I compare or share different assumptions?
Change one assumption at a time and use the browser-local project or share controls. A shared URL contains the encoded input values; do not include information you do not wish to disclose.
Sources and reference scope
- NAIC consumer insurance resources — retrieved 2026-09-24. US coverage education. Not a quote, underwriting table or a substitute for another country’s regulator.
- NAIC insurance glossary — retrieved 2026-09-24. Terminology only; policy wording and local law govern actual coverage.
These references support only their stated scope. They are not evidence that every local rule or price needed by the master expansion has been loaded.