In the intricate landscape of workers' compensation insurance, the experience modification factor, commonly referred to as an "e-mod," stands as a pivotal modifier that can either mitigate or escalate your premium costs based on your loss history. Understanding how this factor is calculated is paramount...
What is an experience mod? Experience Modifier, commonly called an "e-mod", is a factor developed by measuring the difference between the insured's actual past experience and the expected or actual experience of the class. The e-mod represents either a credit or debit applied to the premium before...
Workers' compensation insurance, also known as workers' comp, is when employees injured on the job receive medical treatment and are compensated for lost wages associated with a direct work-related injury or illness. Workers' compensation insurance can protect your business and your employees by helping cover: Compensation...