Most companies with a workers compensation premium exceeding $3,000 have a workers compensation experience modification rate.  This rate compares your workers compensation claims experience to other employers of similar size operating in the same type of business.  If your claim history is good, you will receive a discount on your workers compensation premium.  Those with poor claim history will receive a premium surcharge.

Understanding this rating and maintaining a culture of employee safety is critical to reducing your workers compensation costs.  Your insurance agent can also provide helpful tips and techniques to reduce the experience modification rate.  Contact The Starr Group today to take control of your workers compensation premiums!