Liberty Northwest drops some of its workers’ compensation rates – Statesman Journal

August 25, 2009

Liberty Northwest is lowering workers' compensation rates by $2 million for some of its clients. The reduction amounts to about a 21 percent savings to customers in the company's Liberty Premier Contractors Group. Plan participants also include ...

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Experience Modification Rate

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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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Workers’ Compensation Rates

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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