{
  "id": "v20-us-workers-comp",
  "version": "20.16.0",
  "name": "Workers Compensation Quoted-Rate Calculator — United States",
  "shortName": "Workers Compensation Quoted-Rate",
  "description": "Check a quoted workers-compensation rating calculation for one confirmed payroll class. USD planning view; stated limitations apply.",
  "category": "Finance",
  "categorySlug": "finance",
  "keywords": [
    "workers-comp",
    "us",
    "insurance-consumer",
    "insurance-terms"
  ],
  "status": "live",
  "workStatus": "pending",
  "reviewStatus": "pending",
  "migrationStatus": "new",
  "engine": "native",
  "creator": null,
  "reviewer": null,
  "quality": {
    "availability": "live",
    "technicalReviewRecord": "/reviews/v20-us-workers-comp.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": "/us/workers-comp/",
    "definition": "/us/workers-comp/definition.json",
    "schema": "/us/workers-comp/schema.json",
    "llms": "/us/workers-comp/llms.txt",
    "legacyDefinition": "/us/workers-comp/definition.json"
  },
  "queryExample": "https://askcalculators.com/us/workers-comp/?coveredPayroll=500000&classRate=2&experienceModifier=1&scheduleModifier=1&minimumPremium=0&fees=0",
  "queryParameters": {
    "coveredPayroll": {
      "label": "Payroll in the confirmed class",
      "type": "money",
      "required": true,
      "default": 500000
    },
    "classRate": {
      "label": "Confirmed class rate per 100 payroll",
      "type": "money",
      "required": true,
      "default": 2
    },
    "experienceModifier": {
      "label": "Confirmed experience modifier",
      "type": "number",
      "required": true,
      "default": 1
    },
    "scheduleModifier": {
      "label": "Confirmed schedule modifier",
      "type": "number",
      "required": true,
      "default": 1
    },
    "minimumPremium": {
      "label": "Quoted minimum premium",
      "type": "money",
      "required": true,
      "default": 0
    },
    "fees": {
      "label": "Explicit fees and assessments",
      "type": "money",
      "required": true,
      "default": 0
    }
  },
  "inputs": [
    {
      "id": "coveredPayroll",
      "label": "Payroll in the confirmed class",
      "type": "money",
      "defaultValue": 500000,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "classRate",
      "label": "Confirmed class rate per 100 payroll",
      "type": "money",
      "defaultValue": 2,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "experienceModifier",
      "label": "Confirmed experience modifier",
      "type": "number",
      "defaultValue": 1,
      "required": true,
      "min": 0.01,
      "max": 10,
      "step": 0.01,
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "scheduleModifier",
      "label": "Confirmed schedule modifier",
      "type": "number",
      "defaultValue": 1,
      "required": true,
      "min": 0.01,
      "max": 10,
      "step": 0.01,
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "minimumPremium",
      "label": "Quoted minimum premium",
      "type": "money",
      "defaultValue": 0,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "fees",
      "label": "Explicit fees and assessments",
      "type": "money",
      "defaultValue": 0,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    }
  ],
  "outputs": [
    {
      "id": "manualPremium",
      "label": "Manual class premium",
      "format": "currency",
      "digits": 2,
      "currency": "USD"
    },
    {
      "id": "modifiedPremium",
      "label": "Modified class premium",
      "format": "currency",
      "digits": 2,
      "currency": "USD"
    },
    {
      "id": "totalPremium",
      "label": "Modeled premium and fees",
      "format": "currency",
      "digits": 2,
      "primary": true,
      "currency": "USD"
    }
  ],
  "formula": {
    "expression": "manual premium = covered payroll/100 × confirmed class rate; apply explicit modifiers and quoted minimum.",
    "note": "Inputs are converted to canonical units before evaluating this stated formula."
  },
  "examples": [
    {
      "label": "Illustrative defaults; required verification checks remain unconfirmed",
      "inputs": {
        "unitSystem": "imperial",
        "coveredPayroll": 500000,
        "classRate": 2,
        "experienceModifier": 1,
        "scheduleModifier": 1,
        "minimumPremium": 0,
        "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": "workers-comp",
  "namespace": "us",
  "countries": [
    "us"
  ]
}