Safety Management: How To Compute Your Incidence Rate

You have a clear idea what your Experience Modification Rate is (or should be) and know all too well that the lower your “e-mod,” the better. But do you know what your company’s “incidence rate” is and how it can quickly hurt your bottom line? In the simplest terms, OSHA uses incidence rates to compare… Read more »

Case Study: Workers’ Compensation Rates — A Game of Inches

The Challenge: “Football is a game of inches and inches make the champion.” That’s something the great Vince Lombardi used to say and it’s a point with parallels in the workers’ compensation world. To be clear, we’re talking about your experience modification rate, or EMR, a topic that we’ve addressed here in the past but… Read more »

Case Study: Advocating for Our Non-Profit Clients

non-profit insurance

BUSINESS: Hospice EMPLOYEES: 188 THE CHALLENGE:  Running a business well means watching the bottom line. That’s doubly true when you’re running a non-profit. Every dollar spent on the rent, furnishings and, yes, insurance, means fewer dollars for fulfilling your mission. Our client, one of the largest hospices in the Rocky Mountain region, was spending hundreds… Read more »

Case Study: Getting Your Experience Modification Rate Under Control  

experience modification rate

THE CHALLENGE:  When it comes to workers’ compensation premiums, a company’s experience modification rate, or EMR, is everything. No one wants an e-mod higher than 1.00. An e-mod, as a refresher, is a ratio that expresses actual to expected losses that occur over a (typically) three-year period. In this case, our client – a taxicab… Read more »

Not Winning Construction Bids? It Could be Your E-Mod

Construction companies, especially smaller ones, hate when it happens, but many large projects and government contracts require them to have an experience modification rate, or EMR, of no more than 1.00.

Construction companies, especially smaller ones, hate when it happens, but many large projects and government contracts require them to have an experience modification rate, or EMR, of no more than 1.00. The thinking is that a rating above 1.00 would somehow involve a safety risk, and that the lower the EMR, the safer a company’s… Read more »

Case Study: An Eye for Details Yields Big Workers’ Compensation Savings

workers' compensation

BUSINESS: Medical laboratory EMPLOYEES: 99 THE CHALLENGE: When it comes to workers’ compensation, a company’s experience modification rate, or E-Mod, can be the difference between night and day, profit and loss, exotic travel and staycations. A national workers’ comp rate-setting body determines a company’s E-Mod based on its record of injury claims in the workplace…. Read more »