The mod is a number issued annually by NCCI, or the state Bureau, and is a measure of actual claims against expected claims for a specific industry and payroll size.  Usually employers pay for all claims through higher mod and higher premiums.  Acheiving what is termed the minimum mod can mean big savings.  Understanding your company's mod and the data used to obtain it helps you identify ways to minimize your workers' compensation premium. 

• Do you know what your loss free rating or minimum mod is?

• Has anyone shown you how low your experience mod and premium can be when you control and eventually eliminate losses?

• Are you aware that a mod of 1.0 is only average?

• Did you know medical only claims are reduced by 70 percent for the purpose of the mod calculation?

Following the data within your company's mod helps us deliver the best resources, through our partnership with Zywave, to focus and empower your company's loss control efforts, resulting in lower costs, increased productivity and other benefits.  For a complimentary Experience Mod Analysis, please contact Chuck Thompson.