Systems and Methods for Administering Work Absence Insurance

摘要

A computer receives rating information relating to proposed issuance of an insurance policy endorsement. The rating information relates to a proposed insured that employs a number of employees. The computer processes the rating information to generate a premium amount to be charged for the insurance policy endorsement. The endorsement is then issued. The endorsement may provide reimbursement to the insured for losses incurred by the insured arising from absence from work by one or more of the employees.

主权项

1. A computer system for issuing insurance policy coverage for work absences, the computer system comprising:
one or more data storage devices; one or more computer processors in communication with the one or more data storage devices; a communications device in communication with the one or more computer processors and the one or more data storage devices; and a memory, coupled to the one or more computer processors, storing program instructions which, when executed by the one or more computer processors, cause the one or more computer processors to:
receive, via the communications device, rating information with respect to a proposed insured, the proposed insured being an employer of a plurality of employees;storing the received rating information in the one or more storage devices;process the rating information to generate a premium amount for the insurance policy coverage; andissue the insurance policy coverage corresponding to the premium amount, wherein the coverage provides a benefit to the proposed insured for a loss arising from an absence from work by at least one of the employees of the proposed insured.