October 2023 – Mod Advisor – Simplify Work Comp Experience Mod Analysis

Important Updates to the NCCI’s Experience Rating Plan Methodology

Leave a Comment / Workers Comp Education / Mod Advisor Team

We are committed to keeping you informed about crucial changes in the insurance industry and how workers compensation changes impact your business. Recently, NCCI’s Experience Rating Plan Methodology underwent a significant update commonly referred to as Item E-1409. These changes are starting November 1, 2023. These changes aim to enhance the precision and fairness of […]

Important Updates to the NCCI’s Experience Rating Plan Methodology Read More »

What to Include in a Workers’ Compensation Risk Management Program

Workers’ compensation claims can be costly. According to data from the National Safety Council (NSC), the average cost of a workers’ compensation claim is $41,003. The most expensive workers’ compensation claims were accidents involving motor vehicle crashes, burns, and falls. So how can companies reduce claim costs and injuries, boost employee morale, and reduce premiums?