Deposit premium
Counterline
Browser tool · NCCI conventions
Price the four lines your auditor will price.
Nothing you type here leaves this page. There is no account, no upload and no server: the arithmetic runs in your browser.
The page loads with an illustrative program so it computes something immediately. Replace each figure with your own.
The same arithmetic is callable: see the public calculation API, which takes no key and stores nothing.
Audited premium, recomputed
Additional premium due
Variance as a share of the deposit
Deposit premium $322,224.00. Audited premium, recomputed $358,563.71. Additional premium due +$36,339.71. Variance as a share of the deposit 11.3%.
| Line | Basis | Premium | Variance | Rule applied |
|---|---|---|---|---|
| Deposit premium billed at binding | $4,200,000 | $322,224.00 | Estimated payroll divided by 100, times the rate, times the experience modification. This is the only figure your carrier has committed to. | |
| Payroll developed over the term | +$410,000 | $353,679.20 | +$31,455.20 | Payroll is an estimate when the policy is bound and a fact at audit. The difference is charged at the same rate. |
| Subcontractors with no certificate on file | $152,000 | $365,340.64 | +$11,661.44 | An uninsured subcontractor is your payroll for the period of the work. Labor portion only, charged at your governing class rate. |
| Premium portion of overtime, excluded | -$88,333 | $358,563.71 | -$6,776.93 | One third of gross pay at time and a half is premium, not wages, and is excludable where the payroll records separate it. A credit you only receive if you can prove the split. |
| Audited premium, recomputed | $358,563.71 | +$36,339.71 | Every line above carries the rule that produced it. Nothing here is an opinion. |
This priced four lines. Your worksheet has thirty.
The calculation above applies four adjustments under NCCI conventions. A real carrier worksheet carries class by class exposure, experience modification, schedule credits and assessments. Send us the worksheet you received and we return it recomputed line by line, each difference with the rule that produced it.
Worksheets are reviewed under a mutual non-disclosure agreement. We do not contact your carrier or your broker without your written instruction.
Rates, experience modifications and overtime exclusion rules vary by state and by class code. This page applies NCCI conventions to four adjustments out of many, and is a calculation, not a rating opinion.
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