Patent ID: 8645170

Claim:
A method for use in determining a premium, the method comprising: identifying a work entry of an employee provider, the work entry being stored on a computer readable medium and associated with a customer of the employee provider, and wherein the employee provider provides an employee to perform work for the customer and wherein the employee provider is a distinct and separate entity from the customer; determining a payroll based on the work entry; retrieving a compensation rate based on the work entry; calculating, through a processor, a base premium for the employee provider as a function of the payroll and the compensation rate; retrieving a customer experience modifier rate assigned to the customer, wherein the customer experience modifier rate is based on a history of job related injuries of jobs being performed for the customer; retrieving a staffer experience modifier rate for the employee provider, wherein the staffer experience modifier rate is based on a history of employee related injuries to employees of the employee provider occurring while performing jobs for one or more customers of the employee provider; and calculating, through the processor, a modified premium of the employee provider comprising: modifying the base premium by the staffer experience modifier rate when the staffer experience modifier rate is less than the customer experience modifier rate; and modifying the base premium by the customer experience modifier rate when the customer experience modifier rate is less than the staffer experience modifier rate.