This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
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Primary Actual Losses

When computing workers compensation experience modifications, the actual loss amount (each loss equal to or less than $15,000) is included in the calculation at its full value. Each loss over $15,000 is limited to a primary loss value of $15,000, with the excess over $15,000 applied at a lesser rate.

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Welcome To the Alliance!

The National Alliance for Insurance Education & Research is now the Risk & Insurance Education Alliance, or simply “The Alliance”.  For more details, please read our Press Release.