18 Feb

Posted at 14:36h in Insurance Coverages, Our Blog, PEO, staffing, Worker-Safety, Workers' Compensation by
0 Likes

An experience modification rating (EMR) provides a numeric factor for adjusting insurance premiums. An experience modification worksheet, often referred to as an experience rating worksheet or experience mod worksheet, is important in workers’ compensation insurance. When a company receives an experience rating, it is accompanied by...

11 Jul

Posted at 16:00h in Business, Insurance Coverages, Our Blog, staffing, Workers' Compensation by
0 Likes

Profitable underwriting results have generated favorable conditions across the workers’ compensation insurance market for nearly a decade. According to the National Council on Compensation Insurance (NCCI), the segment produced combined ratios of 84.5 and 84.9 in 2022 and 2023, respectively, demonstrating continued profitability. Industry experts...