Loss Constant can be defined as, A lump sum has been added to the account with a premium of less than Rs 500 on the workers' compensation insurance premium (which is based on experience). The goal is to compensate for losses that are even worse than the policyholder's average.
Additional lower fees are charged on employee compensation insurance to cover the exceptionally high loss rate on relatively lower premium contracts. Continuous loss fees vary by rating, usually between $ 5 and 00 20.00, and are waived if the award is more than $ 500.
Literal Meanings of Loss Constant
Sentences of Loss
Avoid wasting time
Synonyms of Loss
dropping, forgetting, misplacement, mislaying, overlooking
Meanings of Constant:
Irreversible situation or circumstances.
It lasts for a long time.
Sentences of Constant
The state of war is stable
Synonyms of Constant
unchanging factor, continual, sustained, continuous, persistent, unchanging situation, unchanging state of affairs, given, round-the-clock, abiding