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If I enter zero (0) for estimated premiums, the calculator’s results display a percentage increase but don’t display additional premiums. Why?

April 26, 2017calculator display enter estimated increase PERCENTAGE premiums results Zero

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Posted

If I enter zero (0) for estimated premiums, the calculator’s results display a percentage increase but don’t display additional premiums. Why?

1 Answer

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Posted

The results are displaying the correct information. This claim scenario will change the additional claim costs, increased experience factor and % of increase but if you are planning on paying 0 (zero) premiums for the rating year selected, additional premiums cannot be calculated. In order to show an increase in premiums you must enter a dollar amount in the estimated premiums field.