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Blog Authored by: Garry Watts, CPCU

The work comp experience modification factor is one of the most misunderstood components of the work comp system.  In my own personal experience, 25% of all mods are inaccurate, and eight out of ten mods are mismanaged.

Here are eleven ways to improve your work comp experience mod:

1. Prevent, eliminate, and/or reduce claims.

2. Review loss and payroll data to make sure it is accurate.

3. Make sure three years of data is present in the calculation.

4. Develop an effective safety program.

5. Execute an aggressive return-to-work program with light-duty jobs.

6. Orientation of new employees should include their responsibility to operate safely and report violations.

7. Implement an active injury management program to manage outstanding reserves and resolve open claims.

8. Work with an occupational health clinic that uses medical evidence-based guidelines.

9. Communicate regularly with employees on safety and safety training.

10. Work with an insurance agency that acts as an advocate for you and represents your interest to the insurance companies.

11. Develop an effective program for self-inspection and accident investigation.

It's important to align yourself with a workers' compensation expert to ensure guidance and execution in the 11 areas above.  Doing so will save you time, but more importantly, could have a significant impact on your bottom line.




Posted 8:53 AM  View Comments

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