Industry News
The Impact of Claim Frequency and Severity on a Landscape Company’s Experience MODs
Author, Drew Garcia, Vice President, Landscape Group, Rancho Mesa Insurance Services, Inc.
The experience modification rate (ExMod or MOD) is a measure produced by insurance rating bureaus to summarize a company’s claim history versus their industry peers. A rating generated below 1.00 is considered a credit to the workers’ compensation policy while a number above 1.00 is a debit. The ExMod has a direct impact on the cost of workers’ compensation insurance.
Contractors Brace for Impact of 2020 Expected Loss Rates
Author, Kevin Howard, CRIS, Account Executive, Rancho Mesa Insurance Services, Inc.
California contractors focused on their experience modification are paying close attention to the soon to be published 2020 Expected Loss Rates (ELRs).