Experience Modification Assessment
We believe in treating people the way we would want to be treated and sometimes that requires us to demonstrate that we are who we say we are.
The average work related injury typically costs companies $2.00 to $3.00 for every dollar the insurance carrier pays out for an injured team member. This cost is driven by your Experience Modification. Over Seventy-Five (75%) of businesses overpay on their Workers Compensation due to mistakes in the calculation of their Experience Modification.
To demonstrate how our Risk Management Plan benefits your business we offer a FREE analysis of your Experience Modification.
The analysis provides several benefits including;
- Ensures the accuracy of your Experience Modification
- Assess classification codes for accuracy
- Analyze payroll records
- Evaluate claim reserves and payments
All it requires is two simple letters one for the New York Compensation Insurance Rating Board and the other is to your insurance company(s) granting us copies of your claim history and your workers compensation audits for five years.
These are NOT BROKER RECORD LETTERS so do not impact your current relationship with your insurance broker.
Any errors we find that will return lost profits we will help you recover.