Calculation formula for engineering insurance premium

I. Calculation of Engineering Insurance Premium: \x0d\ 1) Separate calculations. \x0d\ \ ④ Guarantee period insurance rate is also the rate for the duration of the work and is calculated on the basis of the total sum insured. \x0d\ ⑤ Premiums for the addition of supplementary coverages are calculated according to the scope of the supplementary coverages, i.e., material damage or third-party liability, and their required limits of indemnity, respectively. \x0d\ 2) Blanket calculation. \x0d\ After calculating the insurance premium for each of the above items ①, ③, ④ and ⑤ respectively, a total lump sum rate for the duration of the work is then calculated backwards in relation to the total insured amount for material damage. At present, this calculation method is mostly used in engineering insurance. \x0d\2, insurance premiums referred to as premiums, is the policyholder for the transfer of risk to obtain insurance protection and pay the price, but also the insurer to undertake the insurance contract agreed insurance liability, for the insured to provide risk protection services and remuneration. \x0d\ Pure premium is the main part of the premium, which is used to build up the insurance compensation and payment fund, and it is the minimum limit of the premium, which is determined according to the prediction of the future insured loss of the subject matter of the insurance (the expected value and a certain amount of safety surcharge). \x0d\ (1) Factors affecting construction insurance premiums \x0d\ 1) insurance amount, 2) insurance period, 3) insurance rate. \x0d\ (2) Risk Factors for Determining the Engineering Insurance Premium Rate \x0d\ 1) Nature and total cost of the project; \x0d\ 2) Degree of risk of construction, including construction methods and building height; \x0d\ 3) Construction period, including length and season of the construction period, duration of the commissioning period, length of the warranty period, and the scope of liability; \x0d\ 4) Physical and geographic conditions of the worksite and neighboring areas, the presence of special hazards and the possibility of an accident; \x0d\ 4) The natural and geographic conditions of the site and neighboring areas, the presence of any special hazards and the possibility of a disaster; and \x0d\ 5) The risk factors for determining the insurance premium rate for the project. conditions of the site and adjacent areas, the existence of special hazards and the likelihood of catastrophe;\x0d\ 5) the creditworthiness, technical level and experience of the contractors and other parties involved in the project, whether or not they have been engaged in similar projects, the level of organization of the construction and on-site safety management capabilities, as well as the loss records of previous contracted projects;\x0d\ 6) the loss records of similar projects in the past;\x0d\ 7) the coverage required by the insured to be provided scope, including the extension of special risks and the size of their perils;\x0d\ 8) the extent of the maximum possible loss;\x0d\ 9) the setting of deductibles for each accident;\x0d\ 10) the setting of indemnity limits for special perils;\x0d\ 11) if the works have a large amount of insurance and have to be subcontracted to the outside world, then the quotations of the relevant subcontracting market should also be taken into account.