Experience Mod Training for Employers — How to Lower Your E-Mod
A 1.39 mod on a $400,000 premium is a six-figure problem. If you don’t understand how your experience mod is calculated, you are almost certainly leaving money on the table. This module breaks down the exact rules governing your experience mod. You’ll learn how to audit your mod worksheet, identify the silent errors artificially inflating your premium, and definitively command your single biggest cost lever. Grab control of your mod today.
of mods are littered with errors — retroactively fixable up to 2 years
Your mod is a score, not a sentence. 1.0 is average. Every claim you prevent moves it.
15 things this module teaches you
- Your Experience Mod is NOT set in stone. It is similar to a Report Card that measures how your business performs compared to other businesses in your category as it relates to employee injuries. And like any Report Card, it can be improved.
- You learn the direct relationship between your Experience Mod and the amount of premium you pay.
- You learn why anything over a 1.0 Experience Mod is too high and why the higher your Experience Mod (in certain businesses), the higher the probability people will not do business with you and choose a company with a lower Experience Mod.
- You learn how to quantify the exact cost of an injury and not leave that calculation to guesswork, which may send your Experience Mod skyward and cost you a fortune in higher premiums.
- You learn the SPECIFIC DATE that is THE most important day in your Workers' Comp policy. You will learn WHY this date is so important — and why not doing what needs to be done BEFORE this date virtually guarantees your next Experience Mod will be littered with errors, each of which may result in a higher Experience Mod and higher premiums.
- You learn the MANY benefits of getting an employee back to work as soon as possible, including, in some states, up to a 70% discount for that injury on your Experience Mod Review.
- You learn how to manage your Experience Mod to make sure everything is correct.
- You learn EVERYTHING that can be done to mitigate the cost of an employee injury.
- You learn the importance of the EFFECTIVE DATE of your Workers' Comp policy and why changing that effective date could be MODERATELY GOOD or DISASTROUSLY BAD, depending on the situation. This is far too important to leave to guesswork.
- You will know how to tell if your W/C premium is too high, the steps to correct your Experience Mod, and how to initiate a premium refund.
- You learn why up to 25% of all Experience Mods are littered with errors that NEED TO BE FIXED and may be retroactively fixed up to two years and eligible for a refund.
- You learn why virtually ALL Experience Mods are mismanaged, resulting in virtually all businesses paying 10% up to 50% more than they should.
- You learn that just having an Experience Mod under 1 is still not the best you can do, and you may have room for a LOT of improvement and a lower premium.
- You learn a PROCESS to get the results you deserve and expect instead of hoping for the best and blindly accepting the black box rating the insurance company provides.
- You receive all the forms, worksheets, tips, guides, and video instruction you need to analyze your Experience Mod, discover errors, make corrections, refile documents, receive a refund and so on. In other words, you get what you need to be in control of a process that directly impacts your bottom line.
Three-seat bundle · or three payments of $265
All 3 modules · 3.5 hours
Immediate access
3 years to complete
A landscape contractor — 120 employees, 1.39 mod — got corrected to 1.0 using exactly what this module teaches.
SEE ALL THREE MODULES
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