To calculate an assigned risk premium you must enter or select the data for all of the following mandatory fields in addition to
the class code and payroll data on the Assigned
Risk Application Calculator - Data Entry page. Optional field information should be entered, when applicable. Click on the Calculate
button when you have finished entering the data.
The following links provide detailed information about each field on the data entry from.
Increased
Limits of Liability
|
Percentage |
Minimum |
Class Code |
100,000/100,000/1,000,000 |
.50% |
$75.00
|
9803 |
500,000/500,000/500,000 |
1.00% |
$50.00
|
9807 |
500,000/500,000/1,000,000 |
1.25% |
$75.00
|
9808 |
1,000,000/1,000,000/1,000,000
|
2.00% |
$75.00 |
9812 |
-
The sole proprietor’s wage must be entered under the appropriate class code using the approved basis of premium on the Miscellaneous Values page of the MA Manual.
-
Each partner’s or member's wage must be entered under the appropriate class code using the approved basis of premium
on the Miscellaneous Values page of the MA Manual.
OPTIONAL FIELDS
Anniversary Rate Date (ARD) Eliminated effective May 1, 2017
If an ARD is applicable and it differs from the Coverage Effective Date, enter the ARD or select the date from the calendar. The year of
the ARD entered should be the most recent ARD year before the Coverage Effective Date.
Waiver of Our Rights Charge
If the Waiver of Our Right to Recover from Others Endorsement is required by contract, enter the whole dollar amount which represents
the premium charge for this endorsement. To determine the premium charge, calculate 2% of the Manual Premium Subject to Waiver of Subrogation for the specific job for which the endorsement is issued.
Experience Rating or Merit Rating Factor
If applicable, enter the experience modification factor or merit rating factor, i.e. 1.02 or .95.
ARAP Factor
If applicable, enter the ARAP factor, i.e. 1.10.
MA Construction Credit Factor
If applicable, enter the Massachusetts Construction Classification Premium Adjustment Program (MCCPAP) credit factor, i.e. 10 (for 10%).
Former Self-Insured Insurance Charge
If the employer has been self-insured within the last 12 months, enter the whole dollar amount equaling 10% of standard premium to satisfy this charge. The 10% charge is calculated on the basis of the higher of either the average of the last three years' audited payrolls or the last complete year's payroll.
If Admiralty Coverage, select the Admiralty Employers Liability Limit
If an admiralty class code is entered, select the Admiralty Employers Liability Limit from the drop down menu. The admiralty limit default is Standard - $10,000. Increased limits up to $100,000 are available.
CLASS CODES AND ESTIMATED PAYROLL
Location Number (#)
Enter the location number using 3 digits, i.e. 001. Classification and payroll information must be provided separately for each location by shift.
Shift Number (#)
Enter the shift number, i.e. 1. Classification and payroll information must be provided separately for each location by shift.
Class Code
Enter the appropriate 4 digit class code(s). To enter more class codes click on the Add Class Codes button.
Number of Employees (# of Emp)
Enter the number of employees by classification code, as a whole number. The number of employees must be provided separately for each
classification code at each location by shift.
Estimated Payroll
Enter the appropriate payroll for each entered class code. The maximum payroll that can be entered is 99,999,999. If you need to enter a payroll
greater than that, you can enter the class code twice with a portion of the payroll entered with each class code entry.
- When a class code is on an 'if any' basis, enter '0'.
- When using a per capita class code, the payroll field will be disabled. The premium calculation will be based on the number of employees.
USL&H
If USL&H coverage is required for an eligible non-F classification, check the USL&H box directly after the payroll to multiply the non-F class
code rate by the United States Longshore and Harbor Workers’ Compensation coverage percentage.
Return to the Assigned
Risk Application Calculator - Data Entry page.