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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Click Here for More Information About Workers Compensation Insurance Mistakes

Posted by drking | Filed Under Experience Modification 

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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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