Line H · Business
Business insurance calculators estimate a workers' compensation premium from payroll, class rates and the experience mod, the life coverage a business needs on a key person, how many policies and how much coverage a buy-sell agreement requires, and the business income limit a shutdown would call for. Commercial agencies get owners who have already stated payroll, values and exposure.
What you get
Business
The owner enters monthly profit, continuing expenses and payroll they would keep paying, then how long repairs and recovery would take. Your agency receives a recommended business income limit with each component broken out.
8 inputs · 5 results
Co-owners enter the value their agreement sets, the number of equal owners and their existing coverage, then pick cross-purchase or entity redemption. Your agency receives the coverage per owner, the number of policies, the face amount of each and the funding gap.
4 inputs · 5 results
The owner describes one person the business depends on: their compensation, the profit they drive, what replacing them would cost and the loans they guarantee. Your agency receives three coverage estimates and the gap above existing cover.
8 inputs · 5 results
The employer enters payroll and a rate per $100 for up to three class codes, then the experience mod, schedule credit or debit, premium discount, state assessments and fees. Your agency receives the full rating worksheet and an effective cost per $100 of payroll.
11 inputs · 6 results
It turns up to three class codes' payroll and rates per $100 into manual premium, applies the experience modification factor, schedule credits or debits, premium discount, state assessments and fees, and shows the effective cost per $100 of payroll. The owner sees why the mod matters; you see their payroll mix.
See the workers' compensation premium calculator. Rates always come from the visitor's quote or rating bureau; the calculator never supplies them.
Key person and buy-sell calculators. The key person calculator compares three methods — multiple of compensation, contribution to profits and replacement cost — and the buy-sell calculator shows coverage per owner and the number of policies a cross-purchase or entity redemption plan needs.
Use the key person calculator and buy-sell funding calculator on pages for professional practices and partnerships, next to the life insurance calculator for the owners' families.
A business income limit built from monthly profit, continuing expenses, payroll to keep paying, a restoration period, extended recovery months and extra expense — the worksheet most owners never complete. It makes the coinsurance and period-of-restoration conversation concrete.
See the business interruption calculator.
FAQ
Answers first, details after.
Workers' comp premium, key person, buy-sell funding and business interruption, each live with its own page. The calculator index lists every line.
No. The owner enters rates per $100 of payroll from a quote, policy or rating bureau. The calculator applies the mod, schedule rating, discount and assessments.
Three: a multiple of compensation, contribution to profits over a recovery period, and replacement cost (recruiting, transition profit loss and guaranteed debts). It shows which method gives the largest need.
It assumes equal owners, which it states in its disclaimer. Unequal shares need a custom calculation in your conversation.
Yes, as a separate input for one-time costs to keep operating or reopen faster.
Yes. Dental, medical, legal and accounting practices are classic key person and buy-sell prospects.
Yes. All calculators run in 2 languages, Spanish included.
Every plan, including the free Producer plan, which embeds up to 5 calculators.
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