Reversing Workers Compensation Insurance Mistakes Since 1999
Average Refund: 10-15% of Your Annual Premium
How much money is your business losing?
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. It is also an excellent way to measure how your loss prevention and control practices match up to other companies in your industry.
What is an Experience Mod?
Simply speaking your Experience Modification Rating compares your workers’ compensation claims experience to other companies similar in size who operate in the same industry. Most employers who have annual premiums in excess of $3,000 receive an Experience Modification Rate.
How is Your Experience Modification Rate Calculated?
Each year insurance carriers report your class code, payrolls, and losses for the last five years to the National Council on Compensation Insurance (NCCI), with the exception of a handful of states that have their own calculating agencies. These agencies use three years of data ending one year prior to the effective date of the rating period. To give you an example, if they were calculating your 2008 rating they would use the years from 2004-2006.
How Can You Lower Your Experience Modification Rating?
Maximizing your Experience Modification Rating is one of the best ways to quickly increase the profitability of your company, which is why it is so important to take the necessary action now.
Our company can offer you the services and information that your insurance company doesn’t want you to know.
There is a high probability that you have been overpaying on your premiums for years and have had no idea.
Insurance companies will not tell you if you are overpaying. Nor will they want to help you locate their mistakes and find different ways to lower your premium.
What We Do:
- We provide a full worker’s compensation evaluation with no initial cost attached at all.
- We are experts in managing, calculating and finding overcharges that insurance companies have made in determining your premium costs.
- Allow us to perform a free evaluation for you, and if we don’t recover overpaid money, it won’t cost you a single dime.
With no risk involved and no cost on your end, why not give us a chance to maximize your profit today?
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