Work Comp Audit – Maximizing Your Experience Modification

August 17, 2009

Workers Compensation Premiums and claims seem to be growing with each passing day and it is indisputable the toll that this can take on any business. In today’s fast paced world it is of utmost import...

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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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Workers Compensation Rates

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