07/29/2022
Losses are just one factor in your overall workers’ compensation costs. The other is premium. Many calculations are involved in setting the premium; it comes down to how much of a risk the carrier thinks it is taking by insuring your company. One of the biggest components of the premium calculation is the experience modification factor, or ex mod — a perception of risk. Here are Four Ways to Lower Your Experience Modification Rate and Why it Matters: https://bit.ly/3Q52DxN