Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Expand/collapse My firm has been compensable claim free for over ten years. Why doesn my Experience Factor get better each year?

April 26, 2017claim COLLAPSE compensable expand experience Factor firm Free year

0

Posted

Expand/collapse My firm has been compensable claim free for over ten years. Why doesn my Experience Factor get better each year?

1 Answer

0

Posted

Currently we only consider three years of experience in the calculation of the Experience Modification Factor. In order to give firms credit for more than three years of compensable-claim-free experience we would need to consider more than three years of experience in the Experience Rating Plan. We may change the plan in the future to consider additional years of experience.