WC INFORMATION

Experience modification is calculated by comparing the actual losses to the expected losses.

Change in Ownership A change in ownership is material only if the owner or owners prior to the change in ownership own less than a one-half interest after the change in ownership. An ownership interest acquired by a member of the immediate family of a prior owner shall be treated the same as though the ownership interest was acquired by the prior owner.

Yes! We specialize in high experience modification accounts, and have special Worker's Compensation programs designed for companies like yours!

Normally, an experience modification is calculated based on the actual audited payroll and losses reported by the insurer for three consecutive policy years.

As much as 60% of the data used in the XMod calculations that determine an employer’s premium is incorrect.