Workers’ Compensation Experience Modification 101
Workers' compensation insurance is a major expense for most businesses. If you're an established business, you probably already know about experience modifications (x-mods). Whether experienced or not, you should familiarize yourself with this important and potentially huge premium saving factor. Please spend a few minutes to read below about what an Experience Modification is and how it can save or cost you thousands of dollars every year.
What Is an Experience Modification?
Workers' compensation insurance can be a large expense for most businesses, especially in higher-risk industries. If you're an established business, chances are that you probably already know about experience modifications. If not, you should familiarize yourself with this important and potentially huge premium saving factor. A quick read below will explain what an Experience Modification (x-mod) is and how it can save or cost you thousands of dollars every year…