Product Update

Workers Compensation Experience Rating Discussion Updated in Risk Financing


Experience modification rate (EMR) factors are determined for most insureds. Experience rating allows insureds to benefit from premium savings if they have favorable loss experience. Conversely, they allow underwriters to charge more premium for risks with comparatively worse loss experience. The National Council on Compensation Insurance has an established methodology for determining an insured's EMR, which is used in a majority of states. This Risk Financing discussion explains that methodology and a number of recent updates and offers suggestions on how insureds can make certain their EMR calculations are accurate.

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