Methods, apparatuses, systems and computer program products for use in determining premiums

1. 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.

2. The method of claim 1 , further comprising:

determining whether a customer is a licensed contractor, and implementing the retrieving of the customer experience modifier rate assigned to the customer when the customer is a licensed contractor.

3. The method of claim 1 , wherein the determining a payroll comprises identifying a pay rate for the work entry, identifying a number of hours worked for the work entry, and multiplying the pay rate by the number of hours worked.

4. The method of claim 1 , wherein the retrieving the compensation rate comprises identifying a classification code of the work entry and determining the compensation rate based on the classification code.

5. The method of claim 1 , wherein the calculating the base premium comprises calculating the base premium as a function of the payroll, the compensation rate and a risk factor associated with a type of job being performed by the employee for the customer.

6. The method of claim 1 , further comprising:

providing the processor; and

providing computer readable memory in communication with said processor;

wherein the identifying the work entry comprises identifying the work entry stored on the computer readable medium and associated with the customer; the retrieving of the compensation rate comprises retrieving, from the computer readable medium, the compensation rate based on the work entry; the retrieving the customer experience modifier rate comprises retrieving, from the computer readable medium, the customer experience modifier rate assigned to the customer; and the retrieving the staffer experience modifier rate comprises retrieving, from the computer readable medium, the staffer experience modifier rate for an employee provider; the calculating the base premium further comprises storing the calculated base premium to the computer readable medium; and the calculating the modified premium further comprises:

retrieving the base premium from the computer readable medium; and

storing, to the computer readable medium, the modified premium when the base premium is modified.

7. The method of claim 6 , further comprising:

providing a display in communication with said processor; and

displaying the modified premium on the display.

8. The method of claim 7 , further comprising:

transferring, over a distributed network, the modified premium.

9. The method of claim 6 , further comprising:

transferring, over a distributed network, the modified premium.

10. The method of claim 3 , wherein the retrieving the compensation rate comprises identifying a classification code of the work entry and determining the compensation rate based on the classification code.

11. The method of claim 10 , wherein the calculating the base premium comprises multiplying the payroll by the compensation rate and dividing the result by 100.

12. The method of claim 11 , wherein the retrieving of the customer experience modifier rate assigned to the customer where the customer is a licensed contractor.

13. The method of claim 12 , further comprising:

transferring, over a distributed network, the modified premium.

14. The method of claim 12 , further comprising:

providing the processor; and

providing computer readable memory in communication with said processor;

wherein the identifying the work entry comprises identifying the work entry stored on the computer readable medium and associated with the customer; the retrieving of the compensation rate comprises retrieving, from the computer readable medium, the compensation rate based on the work entry; the retrieving the customer experience modifier rate comprises retrieving, from the computer readable medium, the customer experience modifier rate assigned to the customer; and the retrieving the staffer experience modifier rate comprises retrieving, from the computer readable medium, the staffer experience modifier rate for an employee provider; the calculating the base premium further comprises storing the calculated base premium to the computer readable medium; and the calculating the modified premium further comprises:

retrieving the base premium from the computer readable medium; and

storing, to the computer readable medium, the modified premium when the base premium is modified.

15. The method of claim 12 , further comprising:

generating a report designating which of the staffer experience modifier rate and the customer experience modifier rate that is applied and the modified premium as modified.

16. The method of claim 1 , further comprising:

generating a report designating which of the staffer experience modifier rate and the customer experience modifier rate that is applied and the modified premium as modified.

17. The method of claim 1 , where the work entry comprises data identifying work to be performed by an employee supplied by the employee provider to the customer, and where the work entry is specific to a job or service to be performed by an employee supplied to the customer by the employee provider with which the experience modifier rate is associated.

18. The method of claim 1 , where the work entry is specific to a job to be performed by an employee supplied to the customer by the employee provider, and the job is classified according to a classification code associated with a type of job of the specific job.

19. A tangible, non-transitory computer-readable storage medium storing one or more computer programs for use with a computer simulation, the computer program configured to cause a processor to execute steps 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;

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.