expense constant
Expense constant is a fixed, flat expense charge applied to every workers compensation policy in states using advisory rates.
expense constant
Expense constant is a fixed, flat expense charge applied to every workers compensation policy in states using advisory rates.
Additional Information
The charge applies in addition to the premium developed for that policy and recognizes that some of the administrative costs associated with writing a workers compensation policy do not vary with the amount of premium and should, therefore, not be included in the factors that are used to develop rates.
