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.
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: