Workers’ Compensation And The “Experience Modification Factor”
If you’re in the market for a Workers’ Compensation insurance policy you may have come across something called the Experience Modification Factor. The experience modification, or e-mod, is a value that is used to adjust workers’ compensation premiums. It’s based on past insurance claims and future risk likelihood. A lower e-mod will translate to lower insurance premiums, …
- Posted at 08/18/2015