Liability and workers' compensation

Liability and workers' compensation are rated on the insured's revenue or payroll, adjusted at the end of the year on the actual figures.

Industry classes

Lines > Industry classes lists the classes with the basis and the rate: revenue is rated per 1,000 (per mille), payroll as a percentage. A quote for a liability or workers' compensation product takes the class and the estimated figure in its risk details, and the premium is the figure times the rate.

Declarations and adjustment

On the policy, Declare an estimate records the estimated revenue or payroll at the start. At the end of the period, Adjust on actual figures takes the real figures: the final premium is worked out again, at least the minimum share of the deposit set on the product, and the difference is billed (a debit note) or refunded (a credit note). Policies whose period ended without an adjustment are listed each day.

Claims-made cover

A liability policy can be written claims made with a retroactive date. A claim is then covered only if it is reported during the policy (or the extended reporting period) and the act happened after the retroactive date. The claim check shows both tests.

Additional insureds

The Additional insureds tab lists landlords, clients and others added to the policy, with a waiver of subrogation or primary and non-contributory wording when agreed. Certificate issues a certificate of insurance for each one.

Workplace injuries

Report an injury on a workers' compensation policy (or Lines > Workplace injuries) records the employee, what happened, the body part, the wage and the time off. A claim is opened with it. Injuries reported later than the days set on the product are flagged.

Once the claim is approved, Pay a benefit:

• Temporary disability: a share of the daily wage for the days off after the waiting days, up to the maximum weeks.
• Permanent disability: the weeks of wage set on the product times the disability percentage.
• Medical: the bills paid.

The person who pays cannot be the one who approved. Return-to-work plan records light duties and a review date, and Back at work closes the time off.

Employer report

Employer report on the policy shows the injuries, days lost, cost and the frequency per 100 employees for the period, for the employer's safety meetings.