Experience Modifier Review

Improve your Experience Mod

Your Experience Mod factor has a direct impact on your Workers’ Compensation premium. Yet all too often, it is calculated incorrectly, resulting in higher premiums for you. Alera Group helps you identify, evaluate and address the leading factors driving your Experience Mod rate.

In addition to reviewing the calculation, our team: 

  • Analyzes payroll audits and claims data for prior years 
  • Corrects the modifier, which directly impacts the premium 
  • Projects future Experience Mod scenarios based on claims trends 
  • Develops a loss control plan that can assist in the mitigation of claims frequency and severity. 
Placeholder image

Why review your Experience Mod?

Your Experience Modifier is one of the primary drivers that impact your Workers’ Compensation premium. Conducting an Experience Modifier review can help you:

Uncover errors

The calculation is complicated, and errors are routinely discovered. 

Reduce costs

Correcting or improving your Experience Mod can reduce your fixed Workers’ Compensation costs by as much as 30%. 

Win more business

A poor or debit Experience Mod can negatively impact a company’s opportunity to bid on contracts.

Take control

Identifying cost drivers can allow a business to create and implement targeted loss control and claims processes to reduce the Experience Mod.

Find an office or contact us



Property and Casualty

Food Processing and Distribution: Steady Insurance Market in an Unsteady World

Despite the byzantine process that controls how food gets to your plate (or refrigerator or restaurant table), it may come as a surprise that the market for property and casualty (P&C) insurance covering the food processing and distribution industry is relatively stable today, considering where the market was just 12 to 24 months ago.

February 21, 2024

Find out more

Property and Casualty

Massive database of leaked records underscores need for Cyber Liability Insurance

The stunning discovery of a database including 26 billion leaked digital records came on the heels of a cybercrime surge in 2023, underscoring the need for organizations to protect themselves with Cyber Liability Insurance.

February 13, 2024

Find out more

Property and Casualty

Commercial Property Insurance: Navigating a Tough Market

While Property Insurance remains a tough market characterized by unfavorable rates, stringent underwriting and limited capacity, the good news is that organizations can adopt strategies to enhance their marketability.

January 30, 2024

Find out more

Property and Casualty

The Role of Risk Management in Public Sector Insurance

Public sector organizations increasingly find themselves in an environment of shrinking budgets, staffing shortages, growing hostility and rising inflation.

May 31, 2022

Find out more