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Tag: losses

29

Dec

What is an Experience Modification?

By Abbate Blogging Team No comments yet Abbate Insurance, claims, Commercial Insurance, Connecticut, cost saving, coverage, Experience Mod, experience modification rating, losses, New Haven, policy, premium, worker's compensation, workers comp

Experience Modifications can help to lower the cost of your worker’s compensation costs. Your experience modification rating, also known as your Experience Mod, is directly correlated to how much you spend on your worker’s compensation premiums. The lower your Experience Mod is, the lower your premiums will be. In order to fully understand how to use your Mod to control