"Mod" Archives

  1. Workers’ Compensation Services Overview

    by Cameron Bramwell

    HOW IS YOUR BROKER HELPING YOU LOWER YOUR WORKERS’ COMPENSATION PREMIUMS? Workers’ Compensation is a large and necessary cost, but there are still opportunities to save.  We’ll help you reduce claims and control costs by establishing workplace safety policies, streamlining your reporting procedures and identifying top loss sources.  JJ Insurance also offers a complimentary mod […]

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  2. What’s Driving Your Mod?

    by Cameron Bramwell

    A mod analysis can provide valuable insight into your business operations and workers’ compensation losses. If you have a basic understanding of how a mod is calculated, you can use a few simple equations to gain a deeper understanding of the factors contributing to your number. Determination of the minimum mod The minimum mod, also […]

  3. Understanding Your Workers’ Compensation Experience Modification Factor

    by Cameron Bramwell

    Understanding Your Workers’ Compensation Experience Modification Factor A key to understanding your workers’ compensation premium is the experience modification factor, also known as your mod. Understanding your company’s mod and the data used to obtain it helps you identify ways to minimize your workers’ compensation premium. Who calculates the mod factor? Most states use the […]

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  4. 2013-2015 Changes to NCCI’s Primary-Excess Split Point

    by Cameron Bramwell

    In 2011, the National Council on Compensation Insurance (NCCI) proposed a change to the experience rating plan to increase the primary-excess split point over a three-year transition period. The first stage of the transition took effect with each state’s approved rate and loss cost filing on or after Jan. 1, 2013. This change has also […]

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