Understanding Your Workers Comp Experience Mod
Your workers compensation experience modification factor is a 3 digit number assigned by your state's workers compensation rating board which tells you a lot about how well you're preventing and managing your employee injuries.
™ 2020 METROPOLITAN RISK ADVISORY
Cost Efficient - Cost Consistent
1 Bridge Street - Suite 140, Irvington, NY 10533
(914) 488-4164
Cost Efficient - Cost Consistent
1 Bridge Street - Suite 140, Irvington, NY 10533
(914) 488-4164
Request more information on your company's Experience Mod Factor and download our Free E-Book!
Best practice firms understand that a low experience mod means a lower cost structure. If your workers compensation premiums are a significant cost in delivering your product or service, every dollar you save here can go directly to your profit which can be a big deal if your looking for creative ways to increase profitability in a competitive marketplace.
An experience mod factor
under 1.00
will result in a premium reduction on your workers compensation policy.
under 1.00
will result in a premium reduction on your workers compensation policy.
An experience mod factor
above 1.00
results in your company getting surcharged. Meaning, your cost structure is higher than it should be, hurting your competitive position.
above 1.00
results in your company getting surcharged. Meaning, your cost structure is higher than it should be, hurting your competitive position.
An experience mod factor
at 1.00
means your average. Last time we checked, average is NOT a competitive advantage.
After you watch the video for all the ways an experience mod affects your business, download our Free E-Book. See how our Comp Care program can help drive your costs down and your profits up.
(914) 488-4164
www.metropolitanrisk.com