Posted on October 21, 2009 by WorkCompEdge Blog Editor
by Kory Wells, WorkCompEdge Blog Editor
Many of our readers have found themselves, at one time or another, in the unfortunate position of trying to explain why the workers compensation mod went up from the previous experience period. The possible culprits are numerous and have a lot of moving parts: changes in
expected loss rates,
payroll,
overall loss experience, [...]
Filed under: Experience Rating (the Mod), Making the Most of ModMaster, Workers Comp Premium | Tagged: ex-mod, experience mod, x-mod | 11 Comments »
Posted on September 23, 2009 by WorkCompEdge Blog Editor
by Frank Pennachio, WorkCompEdge Regular Contributor
Workers compensation policy premiums are usually based on estimated payrolls. The final earned premium is determined during a premium audit after the policy expires and is based on actual payroll. When payroll is higher than estimated, the employer owes additional premium, and when payroll is lower than estimated, money is [...]
Filed under: Workers Comp Premium | Tagged: pay as you go, premium audit, workers compensation premium | 2 Comments »
Posted on July 30, 2008 by WorkCompEdge Blog Editor
by Frank Pennachio, WorkCompEdge Regular Contributor
The recent posts to the WorkCompEdge blog and forum about Vicki’s premium audit experience struck a chord with me. Sometimes it gets terribly lonely feeling you are the only sane person engaged in a dialog. There have been many times in my experience as a work comp agent when I’ve [...]
Filed under: Workers Comp Premium | Tagged: premium audit, workers compensation premium | Leave a Comment »
