SAVING ON WORKER’S COMPENSATION, A BIG TASK

August 17, 2009

Worker’s compensation also known as workman’s compensation is regarded as one of the most complex and confusing elements of an insurance budget. What add more to the chaos are your regular audits, ex…

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The Top 6 Workers Comp Insider Secrets

August 17, 2009

For most organizations, employee related costs are one of the biggest drains on the bottom line. And workers compensation insurance is often the main drain. Unlike the price of gas, however, underst…

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Hey Contractors – These Tracking Systems Keep Your Eye On The Ball

August 17, 2009

In an article titled How Contractors Get Rich, I introduced you to the six systems that control the fate of your construction business. Once again to refresh your memory, they are:

1.Marketing
2….

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Do You Know Your Company’s Insurance Desirability?

August 17, 2009

The current hard insurance market has created a return to the days of doubt and concern for obtaining quotes from insurance carriers. This is a condition not seen since the early 1990’s. For many, it …

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Dirty Little Secret of Workers Compensation Insurance

August 17, 2009

Workers Compensation Insurance agents are paid commission based on the size of your company premium. The bigger the premium you pay the bigger your agent’s commission. Your agent may never cause you…

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Buffalo Insurance Agency Offers Insight into Work Comp Premium Costs – Biloxi Sun Herald

August 17, 2009

BUFFALO, N.Y., Aug. 12 /PRNewswire/ — In today’s tenuous economic conditions, Buffalo insurance consultant Mark O’Brien of Lawley Insurance says, too few employers understand the control they can have over their workers compensation premium costs …

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Essex Crane Rental Corp. Presented with Insurance Safety Award – PR Inside

August 17, 2009

Essex Crane Rental Corp. “Essex Crane” was recently presented with a safety award from Amerisure Insurance for “Outstanding Safety Performance Reducing the Company’s experience modification Rating (EMR)”. Ron Schad, President & CEO of Essex …

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Supervisors adopt resolution to approve amendments to zoning ordinance – Clayton County Register

August 17, 2009

During its regular meeting Monday, August 10, the Allamakee County Board of Supervisors met with County Attorney Mary Jane White to consider a resolution to adopt the proposed amended text of the county zoning ordinance and subdivision regulations …

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Experience Modification Rate

Are You Maximizing Efforts To Reduce Your Workers’ Compensation Costs?

 

Understanding your Experience Modification Rating (Experience Mod / X-Mod / E-Mod) and monitoring it regularly, plays a major role in reducing your Workers’ Compensation costs.

 
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Experience Modification Rate

Workers’ Compensation Rates

How are my Workers' Compensation Rates calculated?

 

The National Council on Compensation Insurance (NCCI) makes recommended rate changes. They use an intricate formula based on multiple factors. This information is given to the insurance companies and they adjust their rates accordingly.

 

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Workers Compensation Rates