Insurance
Workers Compensation Premium Written
Underwriting an employer's liability / workers compensation policy.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Premium Receivable — Workers Comp | Asset (+) | 18,000.00 | - |
| Written Premium — Workers Comp | Revenue (+) | - | 18,000.00 |
💡 Accountant's Note
Workers comp covers employees injured at work. Premium is based on payroll and industry hazard class. Claims can be long-tail due to permanent disability and periodic payment orders.
Professional Excel Template
Get the automated version of this entry. Includes built-in IFRS checks, VAT calculators, and SAP-ready upload formats.
QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.