The worker’s compensation experience modification rate is a number insurance companies use to help determine workers comp premiums – it is a safety score. You might also refer to it as comp mod, experience mod, EMR, and an X-Mod. So what is a good experience mod rate? Let’s discuss. Understanding The Experience Mod Your X-Mod […]
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The Bureau of Labor Statistics reported 2.8 million non-fatal workplace injuries in 2019. Unfortunately, up to 5,333 U.S. workers die on the job due to fatal injuries, including forklift-related hazards, loading docks and conveyors, and handling hazardous materials. Thus, workplace safety should be one the top of every employer’s list. In this blog post, we’ll discuss
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This is a case study that explains how an agent helped their client control their workers compensation cost. PROBLEM A claim just occurred, and a worker was not going to be able to return to work for 30-45 days. The business owner wanted to know if it made financial sense to keep the worker on
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A mod audit can make all of the difference when it comes to workers compensation costs. Check out this case study to see how an agent saved their clients money with a mod audit. PROBLEM The Company’s work comp costs were increasing after claim activity, and they wanted a second opinion. The business thought things
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Mod Analysis Software Updates Allow for Wisconsin Bureau Worksheet Import Designed new Wisconsin Bureau Report Consistent date formatting updated Report enhancements Updated 2022 Wisconsin Rating Data Added 21-57 month rule implementation Completed Mod Advisor User Guide The policy override rule can be controlled by the user from the profile section Saved report print functionality enhancement
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