Roberts Insurance Group Blog
Something that most business owners and executives aren't aware of is the fact that Workers Compensation Insurance is one of the only types of insurance where employers have a direct control over the premiums they pay. Yes, you read that correctly. But why is that? There are a few different reasons but the main reason is because of the experience modification factor, or E-Mod.
What is an Experience Modification Factor and How Does It Work?
An E-Mod works as a surcharge or credit mechanism with workers comp policies. The actual calculation is pretty tricky, but here are the main things to know:
So How Can Your Business Take Control of Your Experience Modification Factor?
There are 2 main ways that companies can positively impact their E-Mod and their premiums:
If you have questions on how to take control of your workers compensation premiums or want to know how much a particular claim is impacting your company's premium, click below and we'd love to help!
The Roberts Insurance Group is a Georgia Insurance Broker specializing in commercial and personal insurance for our clients throughout the state of Georgia. We help our clients lower their cost of insurance with our superior claim and risk management expertise and our extensive carrier access. We are in the business of building relationships with our clients to help them grow and succeed. Contact us today to see what we can do for your family or business.
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