How to Improve Your Ex-Mod

Our Workers’ Compensation insurance experts at Olson Duncan can assist you in managing and containing your company ex-mod in several ways:

• Ensure you have a robust accident prevention program to reduce the frequency of injuries.
• Your X-mod is calculated based on data reported to the appropriate rating bureau by prior insurers. Incorrect or incomplete data can cause incorrect mod factors. We’ll review loss and payroll data to ensure the calculation is complete and accurate.
• As your losses remain in the experience rating formula for three years, your ex-mod is influenced more by small, frequent losses rather than by large, infrequent ones. We’ll provide you with the resources to develop a sound safety program, return-to-work program, and appropriate prevention procedures to reduce loss frequency.
• Assistance in implementing a self-inspection and accident investigation program, critical to managing claims frequency.
• Providing an active claims management program to manage outstanding reserves and focus on efficiently resolving open claims.
• Working to ensure that all claims are reported to your carrier immediately.
• Helping implement a return-to-work program that includes light-duty work for all injured employees upon their release from treatment.
• Offering resources to train employees on their responsibilities for safety and enforce violations.