Assigned Risk Premium Calculator
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This premium calculator is provided for your convenience. It is not integrated with the application entry process.
Effective:
Class Lookup
Mod Lookup
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Class Code
Describe by Location the Duties or Employees of Classification
USLHW
No. of Employees
Total Payroll
Rate
Premium
1
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2
Delete
3
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4
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5
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6
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7
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8
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Payment Plans
Policy Total Estimated Cost
Minimum Deposit Required
Payment Basis***
under $2,000
100%
$2,000 - $10,000
50%
3 quarterly
Over $10,000
35%
8 monthly
Factor
Total Premium
Increased Limits
None
$500,000
$1,000,000
Experience Modification
Standard Premium
MCPAP
Merit Rating
None
.67
.90
1.00
1.10
**** Deductible $
None
250
500
1,000
2,500
5,000
10,000
1
Expense Constant
170
Terrorism (Total Payroll ÷ 100 X .02)
.02
Total Estimated Annual Premium
MN Special Comp Fund Assessment ( Standard Premium X Factor)
.027
Policy Total Estimated Cost
Deposit Premium Percent
Deposit Premium
*** See #5 in Rules and Procedures for explanation of premium payment options.
**** Deductible factor is subject to prior approval granted by the Minnesota Assigned Risk Plan (MWCARP). For rules and application visit www.mwcarp.org.
© 2006 Minnesota Workers’ Compensation Assigned Risk Plan