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Workers Compensation Overview
The Commercial line of business gives you a fully functional example of the Workers Compensation product models, rating procedures, and business processes for quoting.
You can use this application for reference or as a base to develop your own product models and business processes.
Product Models and Rating Procedures
The product model and the rating procedure that calculate prices for Workers Compensation products at runtime underpin all the business processes in this line of business:
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Product Model: Workers Compensation
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Rating Procedure: WorkersCompensationNCCIRating
The product model provides the structure for the data JSON that moves through the business processes. The Workers Compensation product model is single-instance, which means that we intend customers to insure only one Business Insured Item per quote. All coverages have been designed to be configured at the policy level.
To learn more about these product models, see Workers Compensation Product Model.
The rating procedures take information from the prospective customer (that becomes attribute values in the data JSON) during quoting business processes. The procedures calculate the prices for coverages, then the product model rating simulation rolls up those prices and calculates the total premium.
To learn more about these rating procedures, see Workers Compensation Rating.
Business Processes
This process guides prospective customers (and agents and brokers helping those prospects) to get a rated quote for a commercial product:
What's Next
Now that you've got a high-level intro to the General Liability line of business, look at the Workers Compensation Product Model.
- Workers Compensation Product Model
To understand how the Workers Compensation application works, you need to figure out how the General Liability product is built. - Workers Compensation Attribute Catalog
We've listed all the attributes used in the Workers Compensation application here by the category they fall under. - Workers Compensation Rating
When we quote and endorse the Workers Compensation product, our pricing services use the product model data, product rating procedure, and pricing formulas. The services use these components to price the coverages. The services do the following:
