Understanding your experience rating and mod
Experience rating is the main pricing component of your workers’ compensation policy that you can directly impact. It’s essentially a method for determining whether your business’ losses are better or worse than expected.
Download our brochure, Workers’ Compensation: Understanding Your Experience Rating & Mod, to learn how your experience mod is calculated and how to gauge your performance compared to others in your industry.
Reducing your losses and costs
Proactive accident prevention and claim management are the keys to improving your loss experience and mod.
To determine the quality of your safety and loss prevention program, ask yourself the following questions. Click each question for related steps you can take to improve your operation and reduce costs.