Wages and Benefits
The Wages and Benefits function enables you to view and modify default values for workers' compensation exposures: the percent of employees on the premises who work day, evening, and night shifts; the average annual wage; and average medical costs for minor/moderate/major/fatal injuries. See Shift and Injury Type Definitions for information about the definitions.
For information about AIR industry assumptions for workers' compensation-related data, refer to the Workers' Compensation Industry Assumptions document on the AIR Client Portal.
The Wages and Benefits grid enables you to set loss defaults for wages and benefits.
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Parameters and Buttons |
Description |
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Use these buttons (when applicable) and the parameters below to set default wages and benefits. |
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Country |
Select a country from the Country list to filter the grid by country. |
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Area |
Select the area of interest from the Area list to filter the grid by area (state). |
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Currency |
This is specified in Currency Rate Settings. |
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Occupancy |
Select the occupancy type from the Occupancy list to filter the grid by occupancy class (residential, commercial, industrial, other). |
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Percent Day Shift |
Enter the default percentage of employees on the premises who work the day shift. |
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Percent Evening Shift |
Enter the default percentage of employees on the premises who work the evening shift. |
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Percent Night Shift |
Enter the default percentage of employees on the premises who work the night shift. |
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Average Annual Wage |
Enter the average annual wage default. |
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Average Medical and Indemnity Cost for Minor Injury |
Enter the default average cost for minor injuries. Applicable for medical payments. Minor injuries are assumed to be medical-only claims. |
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Average Medical and Indemnity Cost for Moderate Injury |
Enter the default average cost for moderate injuries. Applicable for medical and indemnity payments. |
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Average Medical and Indemnity Cost for Major Injury |
Enter the default average cost for major injuries. Applicable for medical and indemnity payments. |
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Average Medical and Indemnity Cost for Fatal Injury |
Enter the default average cost for fatal injuries. Applicable for medical and indemnity payments. |
Usage notes
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If the exposure data does not include shift percentages or injury rates, the system uses AIR default data for the location's state/prefecture and occupancy type.
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If the exposure data does not include occupancy information, the system uses "Commercial" occupancy rates for the state.
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The injury defaults vary by state.
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Shift percentages vary by occupancy codes. For example, Residential: 301-310; Commercial: 311-320, not set, or Unknown; Industrial: 321-330, 400 series; Other: All other occupancy codes, based on industry estimates.
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The models can use default values, which include both medical and indemnity (wage) losses. These are industry default values, as are the employee counts. Clients can include their own estimates of average medical and indemnity costs and employee counts, which then override the default model values.
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Workers' compensation losses always include medical and indemnity (wage loss) estimate