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Top 10 Ways To Control Your Workers Compensation Experience Mod

Your experience modification factor, or mod, is an important component used in calculating

your workers’ compensation premium. If you can control your mod, you can lower your

price — so we’ve gathered top tips to help you impact your bottom line.

1. Investigate accidents immediately and thoroughly; take corrective action to eliminate

hazards, and be aware of fraud.

2. Report all claims to your carrier immediately. Alert the carrier to any serious,

potentially serious or suspect claims. Frequently monitor the status of the claim, and

communicate with the adjuster to resolve them as quickly as possible.

3. Take an aggressive approach to providing light duty to all injured employees upon

their release from treatment. Supervise light duty employees to ensure their

conformance with restrictions.

4. In serious cases that involve lost time, communicate with the claims adjuster to

demonstrate your interest in returning the injured employee back to gainful

employment.

5. Set safety performance goals for those with supervisory responsibility. Success in

achieving safety goals should be used as one measure during performance

appraisals.

6. Develop a written safety program, and train employees in their responsibilities for

safety. Incorporate a disciplinary policy into the program that holds employees

accountable for breaking rules or rewards them for correctly following safety

procedures.

7. Frequently communicate with employees, both formally and informally, regarding the

importance of safety.

8. Make safety a priority – senior management must be visible in the safety effort and

must support improvement.

9. Evaluate accident history and near-misses at least monthly. Look for trends in

experience, and take corrective action on the worst problems first.

10. Hire CONRAD INSURANCE to ensure success.

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