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Tag Archives: workers compensation

Controlling Your Workers’ Compensation Costs

How your experience modifier affects your bottom line By Paul Praxmarer The cost of workers’ compensation insurance would rank as one of the top five highest costs on a typical profit/loss statement for a company in the material handling industry. Your workers compensation insurance premium is determined by payroll, manual rate, insurer credits and debits, and your experience modifier. Controlling ...

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Your Experience Modification Factor

The Workers' Compensation Experience Modification Factor is based on losses and company size, and affects the company's workers' compensation premium. By R. Scott Wolff.

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