Mod Analysis Software Updates Additional summary reports & premium impact reports were uploaded The mod summary page now shows mod and premium impact. A document center has been launched for users that want to upload their own resources. We have updated rating data for Illinois, Iowa, Kentucky, Maryland, Missouri, New Hampshire, New Mexico, Oklahoma, and […]
Mod Advisor Update: Oct 18 Read More »
A return-to-work program can play a vital role in your client’s safety program. As an insurance agent, you must explain why it could benefit the company. In today’s post, we will walk through the basics of what a return-to-work program is to help you explain it to your clients and prospects. The rest of this
Explaining a return-to-work program Read More »
The last thing anybody wants is to be involved in a workplace accident that causes a serious injury. However, when such accidents do take place, having loads of facts and information on hand can allow all parties to work through the ever-so-complicated insurance and legal systems. In such cases, determining the extent of someone’s injury
Workers Comp Disability Rating Explained Read More »
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
What Is a Good Experience Mod Rate? Read More »
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
Controlling Workers Compensation Cost – Case Study Read More »
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
The Importance of a Mod Audit – Case Study  Read More »
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
Mod Advisor Update: Aug 5 Read More »
As an employer, you want to pay as little as possible in workers comp premiums. This is where minimum experience mod comes into play. The closer you are to the minimum mod, the less you pay in premium. Having sound knowledge of the minimum experience mod can help you keep your premiums low. We will
What is a Minimum Experience Mod? Read More »
The experience modification factor (EMF), or X Mod, is the number that represents your company’s likelihood of having injuries in the future, based upon your company’s prior claims experience. The Experience Mod takes into account your company’s size and industry and assigns a safety score (or X mod) in regards to your workers’ compensation insurance
How Can I Reduce my Experience Modification Factor? Read More »