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
5. Set safety performance goals for those with supervisory responsibility. Success in
achieving safety goals should be used as one measure during performance
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
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.