The experience modification factor – aka Ex-mod – is a way to rate how your company is doing compared to other companies in the same industry. A high Ex-mod directly impacts your premium and it’s often a mystery as to how it’s calculated and what it all means.
The secret is – if you can control your Ex-mod, you can save on your premium. So, we’ve gathered top tips to help you impact your bottom line.
In this webinar, you’ll learn
- What Ex-mod is and how it’s calculated
- COVID-19 impacts
- Practical tips to influence your work comp costs
Download these helpful resources about lowering your Ex-mod
10 Things to Lower Your Ex-mod Presentation
10 Things to Lower Your Ex-mod Poster
Increase Safety & Lower Your Ex-Mod worksheet
What is an Ex-Mod and Why Should I Care Flyer
NCCI’s ABCs of Experience Rating Brochure
Safety OnDemand’s OSHA Program Wizards
Accident Investigation Form
Safety Sound Off Podcast
Check out the latest in this audio series.
Take Control of Your Mod
Frustrated with your Ex-mod? Learn about ways you can impact your mod through strategies like connecting with your adjuster and taking a second look at how your safety program really functions. Being proactive is key!
Download the Take Control of Your Mod podcast (MP3)
Ex-Mod 101
New to work comp? Looking for basic information? This podcast will run through the primary components of the x-mod calculation, including how to know if you have a better than average mod and how long a large claim can impact your company.
Download the Ex-Mod 101 podcast (MP3)
