Injury frequency and severity rates

A hotel has 35 employees who work an average of 8 hours per day for 280 days a year. In the past year, the employer reported 12 injuries for a total lost time of 50 days. Furthermore, there was a minor fire in the main kitchen. While the fire did not result in any injuries, it led to the closure of the restaurant and room services for 20 days.

1. What are the injury frequency and severity rates for this hotel? Write the steps you took for this calculation.

2. With 2,600,000 in gross insurable earnings, estimate the 2022 premium payment for this hotel.