The experience modification rate (called the XMod) rewards companies who handle their claims well by lowering their premium, and it has the reverse effect when claims are poorly managed.
However, as much as 60% of the data used in the XMod calculations that determine an employer’s premium is incorrect. This means you may be paying a higher rate than you should be. If you can improve your XMod, you can reduce your workers comp costs. That’s where XMod Experts comes in.
The XMod Experts is an assessment that helps you optimize your experience modification rate on your workers’ compensation policy. Let us run a free analysis on your X-mod today!