September 10, 2020

IN: How Does My Experience Mod Affect My Premiums?


Dear Valued Customer,

Workers’ Compensation insurance is available in all 50 states, and a legal requirement in 49 of them, with Texas being the exception. Workers’ Compensation insurance provides wage replacement and medical benefits to employees injured on the job. A Workers’ Comp premium can also become one of the highest costs on your company’s books, so it’s important to understand and to manage it.

In this issue of “Waimea Insurance News” we focus on your Experience Modification Rating, (sometimes referred to as your X-mod), an extremely important factor in determining your Workers’ Comp policy costs, and how you can improve your situation. Besides determining the premium employers pay for workers’ compensation coverage, the experience modification factor can affect an employer’s ability to bid on, win, and retain contracts with the federal and state governments or even private sector projects.

We appreciate your continued business and look forward to serving you.

Kind regards,

About the Author

PIASC is the largest graphic arts trade association in the country. They are devoted in helping members succeed. For over 80 years, they have been servicing businesses in Los Angeles, Orange, Riverside, San Bernardino, San Luis Obispo, Kern, Ventura and Clark counties.

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