Solutions for saving money on workers comp after frequent insurance losses
How to save money on workers compensation insurance when you have a high mod.
If your business has suffered insurance losses due to frequent workplace accidents or just a few major ones, then there is a good chance your Experience Rating Modifier or MOD will increase when your policy renews.
An increased MOD raises your workers compensation cost by multiplying it. This could be the difference of paying $40,000 versus $20,000 annually for a work comp policy.
Simple Work Comp provides solutions for business owners and managers who want to save money on their workers compensation insurance and avoid the excessive cost associated with high MODs.
Our process evaluates your previous policies, losses, employee class codes, and utilizes our national network of standard and alternative markets associated with your risk type.
While work comp insurance may be a requirement, overpaying isn’t.