By: Patrick Keightley, CIC, Vice President Georgetown Insurance Service, Inc. Silver Spring, MD There is no denying that Workers’ Compensation is complex. When choosing a carrier, it is imperative that businesses evaluate a number of factors…not just simply choose based on the premium costs. Two factors that are often overlooked are how carriers historically handle … Continue reading Looking Past the Premium
Tag: Experience Mod
Experience Modification Ratings – How Is It Calculated and Can You Lower It?
By: Patti Maluchnik, CIC, CBIA Georgetown Insurance Service, Inc. Frederick, MD Your business’ Experience Modification Rating (EMR) directly impacts your Workers’ Compensation premiums. This blog will explain what an EMR is, what factors contribute to the calculation of your company’s EMR, and share some tips on how you can lower it. What is an Experience … Continue reading Experience Modification Ratings – How Is It Calculated and Can You Lower It?