Category Archives: EMR

Experience modifier or experience modification is a term used in the American insurance business and more specifically in workers’ compensation insurance. It is the adjustment of annual premium based on previous loss experience. Usually three years of loss experience are used to determine the experience modifier for a workers’ compensation policy. The three years typically include not the immediate past year, but the three prior. For instance, if a policy expired on January 1, 2007, the data included on the Experience modification would comprise the period from January 1, 2003 to January 1, 2006.

Tips For Reducing Worker’s Compensation

  Prevent injuries “Since high injury rates are a sign of poor management, no employer wants to be seen publicly as operating a dangerous workplace,” said Assistant Secretary of Labor for Occupational Safety and Health Dr. David Michaels. “Our new reporting requirements will ‘nudge’ employers to prevent worker injuries and illnesses to demonstrate to investors, […]

Safety Pays

  Safety Pays Every year workplace injuries, illnesses, and deaths cost our nation $170 billion. That’s money that businesses can save and pain workers can avoid. How can you save money while improving safety and health in your facility? One study estimated that a good safety and health program can save $4 to $6 for […]

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