An experience modification factor is your business’s workers comp rating.

It’s like your grade for workers comp – and you’re being grading on a bell curve with other “like” companies in your industry.

All business start-off with a workers’ comp X-Mod of 1.00 or 100.

It’s a lot like 10th-grade geometry.

There are going to be some people that are the Beckys of the class and are at the A+ level.

Do all their work,
Ace their test,
Do all the extra credit.

As a company beats the rating bureau’s expectations for expected losses – they’ll get some rating credits.

Then there are going to be some businesses that are the Roberts of the class.

They aren’t doing so well.
They’re having some trouble.

And, a business that’s had more losses and claims, or larger losses and claims than expected in their industry – are going to have some debits.

The higher the score – the more you will pay for Workers comp!

If you’re in Robert’s range

Don’t lose hope.
Don’t chalk it up to the cost of doing business.

There are ways to improve your score and lower your rating.

And, lower your premium…

You just might need some help.

Get the help you deserve. Schedule your experience modification strategy session today!