May 2024 – Mod Advisor – Simplify Work Comp Experience Mod Analysis

The Strategic Importance of Proactive Claim Reviews in Workers’ Compensation

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The Strategic Importance of Proactive Claim Reviews In the intricate landscape of workers’ compensation, managing claims efficiently is more than a necessity—it’s a strategic operation that directly influences a company’s financial health and risk management. Failure to proactively manage workers compensation claims can has negative outcomes from increased litigation to increased costs. As a best […]

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Understanding Gross vs. Net Reporting in Workers’ Compensation Experience Rating

If your business purchases a workers’ compensation insurance policy, you’re likely familiar with the term “experience modification factor” or “experience mod.” This number is a reflection of your company’s safety record compared to that of your industry peers and directly influences your insurance premiums. Did you know that in 13 states the way they use