loss constant
The loss constant is a flat amount added to the premium of a workers compensation policy (after experience rating, if applicable) on accounts with premiums of less than $500.
loss constant
The loss constant is a flat amount added to the premium of a workers compensation policy (after experience rating, if applicable) on accounts with premiums of less than $500.
Additional Information
It is designed to offset worse-than-average loss experience of the smaller insureds.
