Take Control of Your Workers’ Comp Premium
Your E-MOD is the single largest factor that affects your Workers’ Comp Premium. Our E-MOD Restore & Defend Program helps you lower and protect your E-MOD and Premium.
What is an E-MOD?
E-MOD is short for Experience Modification or Experience Modifier, and it is like a FICO score for Workers’ Comp Insurance.
E-MOD is a number that directly affects the premium you pay—if you have more claims than your industry average, your E-MOD goes up and you pay more. If you have fewer claims, it goes down and you save money.
The lower the E-MOD, the better.
Your E-MOD directly adjusts your premium. After your base premium is calculated, it is multiplied by your E-MOD value.
When your E-MOD > 1 you pay a surcharge
When your E-MOD < 1 you receive a credit
Your E-MOD directly affects the premium you pay
**This graph is for conceptual purposes only.
For a hypothetical business with a $10,000 Gross Premium, this graph shows how the E-MOD would adjust the Premium.
Consider two business with a $10,000 Gross Premium:
One has an E-MOD of 1.75 and would pay a surcharge of 75% and the adjusted premium would be $17,500
The other business has an E-MOD of 0.5 and would receive a credit of 50%. The adjusted premium would be $5,000.
What Determines Your E-MOD?
Your E-MOD is based on your company’s claims history from the last three years. A single claim can affect your E-MOD for that entire period. The more claims you have, the higher your E-MOD will be.
While you can’t directly change your E-MOD, you can influence it by taking a proactive approach. The key is to manage and prevent claims.
Keep in mind that claims affect your E-MOD for three years so it is important to implement a strategy to protect your E-MOD immediately.
We Help You Lower and Protect Your E-MOD
Our Proprietary programs are designed to address your specific E-MOD needs–whether it is too high or in a good place.
E-MOD Restore
For businesses with an E-MOD higher than 1
We work closely with you to implement strategies focused on helping to lower your E-MOD. Our process is designed to return your company to or below the Industry standard and reduce your Premium.
Our services include:
E-MOD Defend
For businesses with an E-MOD lower than 1
If your E-MOD is already below the Industry standard, we’ll help you implement a plan to protect it from increasing. Our focus is on maintaining your low rate and keeping your premiums down.
Our services include:
Is your E-MOD in a good place?
Taking control of your E-MOD is the first step to future savings. Request an E-MOD analysis and we will create a plan to help you improve or protect you E-MOD.