What Is a Mod Factor and Why You Want to Lower Yours
Your experience modification rate, mod factor, represents your business’s prior workers’ comp claims. A low mod factor allows you to pay lower premiums because your risk is considered lower.
Category Archives: Claims Management
Mobile Physical Therapy Is a Great Solution For Employees On The Move
Running a mobile workforce can certainly be challenging — It means ensuring everyone is in the right location, has the proper support, and that you understand their needs. Combine that with tracking time, materials, people, resources, vehicles and more, and it can quickly become an administrative headache. But it’s not just your stress levels you […]
Best Hiring Practices in Construction – Getting & Keeping Skilled, Safe Workers
Hiring and keeping good workers in the construction industry has always been a challenge. The seasonal nature of the work in many parts of America and the general cyclical nature of the building industry have long worked against maintaining a stable workforce of experienced and capable workers. But, in the years since the housing bust, […]
The Key to Controlling your Workers’ Compensation Costs
The key to controlling your workers’ compensation costs is understanding your experience modification factor and its effect on your insurance premium. Workers’ compensation costs can make or break your bottom line. But control over these costs is more attainable than you may think if you understand your experience modification factor and its effect on your […]
Should You Have a Designated Occupational Health Clinic?
Getting a handle on the rising costs of employee health and wellness programs is a perpetual battle for any business. For most organizations, though, the one area that is often the toughest to tame is workers’ compensation, the state mandated insurance programs that cover work-related illness or injury. Since the 1990’s the average cost of […]
Footwear – Why it’s vital to the Healthcare Industry
In an odd bit of irony, OSHA (the Occupational Safety and Health Administration) has found that the healthcare industry has become one of the least healthy places to work. A study the agency released last year reports that the number of work-related injuries and illnesses among employees of U.S. hospitals is nearly twice the average […]