How can I control my experince modification factor?
Your experience modification factor, or mod, is an important component used in calculating your workers compensation premium. If you can control your mod, you can control your price so weve gathered some top tips designed to positively impact your bottom line. Top Tips To Control Your Workers Compensation Experience Modification Factor: 1. Investigate accidents immediately and thoroughly. Take corrective action to eliminate hazards. 2. Be aware of fraud. 3. Report all claims to carrier immediately. Alert carrier to any serious, potentially serious, or suspect claims. 4. Frequently monitor the status of the claim and communicate with the adjuster to resolve as quickly as possible. 5. Take an aggressive approach to providing light duty to all injured employees upon their release from treatment. Supervise light duty employees to assure their conformance with restrictions. 6. In serious cases that involve lost time, communicate with the claims adjuster so that they recognize your interest
