Patent ID: 6604080
Filing Date: 2003-08-05
Classification: G06Q

Abstract:
A digital electrical computer system controlled by a program to compute one premium for the workers' compensation benefit coverage and a separate premium for the employers liability coverage, the system comprising:a digital electrical computer controlled by a computer program in processing input electrical signals, the input electrical signals being produced in response to data entered at a data input device that is electrically connected to the digital electrical computer, the digital electrical computer also being electrically connected to an output device; a memory, electrically connected to the digital electrical computer, storing a set of rates for at least part of workers' compensation benefit coverage and storing a second set of rates for at least part of employers liability coverage, both said rates corresponding to categories of work that can be done by employees under both of said coverages, both said coverages collectively satisfying all coverage requirements for workers' compensation in at least one state; and wherein said a digital electrical computer controlled by said computer program controls computing the one premium for the workers' compensation benefit coverage and the separate premium for the employers liability converge in response to at least one of said rates from both said sets of rates stored in said memory and to the data entered at said data input device, said data including an amount of payroll paid to the employees for work in at least one of the categories of work; and wherein the modified electrical signals produce a depiction of the premiums of the output device.