experience rating modifier

Experience Rating Modifier Changes in NY 2022

The New York Compensation Insurance Rating Board or NY CIRB has released a new formulation for the workers’ compensation experience rating modifier. Most business owners know the experience rating modifier as the x-mod, the e-mod, or just the mod. The modifier is a credit-debit system to reward employers with better than average workers comp claim … Read More

How to Reduce Your Workers Comp Mod – Part 3

How to Reduce Your Workers Comp Mod – Part 3, Payroll as a function of the mod calculation So we’ve discussed in the past couple of posts how to reduce your workers comp mod that the only two variables in your mod are payroll and claims.  We’ve discussed claims and in another post, we’ll talk … Read More