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What's your EMOD Score? Ergonomics can help.

Posted Sep 17 2009 8:44am

What’s your EMOD score?

I can hear you thinking, “My EMOD score? What’s that?” EMOD is short for “Experience Modifier.” Businesses are given an EMOD score based on their Worker’s Compensation policy; typically, it is determined by the three previous years of loss experience. This number is super important when it comes to worker’s comp premiums. To understand it a little better, the sample below provides a comparison of a good safety record verses a poor safety record.
The Good Safety Record
Wages                                      $1,000,000
Insurance Rate                           25%
Manual Premium                        $250,000
Experience Modifier (EMOD)    0.80
Premium (actual cost)              $200,000

The Poor Safety Record

Wages                                       $1,000,000
Insurance Rate                            25%
Manual Premium                         $250,000
Experience Modifier (EMOD)     1.89
Premium (actual cost)               $472,500

A difference of $272,500… real bottom line savings!

An EMOD score of 1.0 is considered normal. Taking a proactive approach- that is, preventing injuries instead of doing something about them after they occur- is one of the best ways to lower your score. With Ergonomic Evolution’ s assitance, we can take a look at your current EMOD score and discuss ways to potentially lower it, and ultimately reduce your premiums. Contact us today to learn more!

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