• Menu
  • Skip to main content
  • Skip to secondary navigation

Before Header

  • About
  • Contact
  • Privacy
 

Amaxx Workers’ Comp Training Center

Tools and Trainings for Workers' Compensation Professionals

Header Right

  • Home
    • Training Center
  • Course Curriculum
    • Course Curriculum
    • Your CMWC Progress
    • Certified Master of Workers’ Compensation
    • Certified Master of WC – “Best In Class”
    • WC Foundations Course
  • Search
    • Free Resources & Solutions
    • Subscribe to Free Newsletter
    • Create Free Training Center Account
    • Enroll in On-Demand Courses
    • Activate WC Mastery Membership
    • Request Strategic Coaching Session
    • Buy WC Guidebooks
  • Membership
    • WC Mastery
    • Teams
    • Training Partners
  • Products
    • Core Courses
    • Elective Courses
    • WC Mastery Certification
    • Guidebooks
    • Coaching
  • Blog
    • Video Blogs
    • COVID-19 / Coronavirus Pandemic
  • Login

Mobile Menu

Choose Broadspire

CHOOSE BROADSPIREBroadspire Delivers Meaningful Results to Our Clients and Their Claimants
  • Home
    • Training Center
  • Course Curriculum
    • Course Curriculum
    • Your CMWC Progress
    • Certified Master of Workers’ Compensation
    • Certified Master of WC – “Best In Class”
    • WC Foundations Course
  • Search
    • Free Resources & Solutions
    • Subscribe to Free Newsletter
    • Create Free Training Center Account
    • Enroll in On-Demand Courses
    • Activate WC Mastery Membership
    • Request Strategic Coaching Session
    • Buy WC Guidebooks
  • Membership
    • WC Mastery
    • Teams
    • Training Partners
  • Products
    • Core Courses
    • Elective Courses
    • WC Mastery Certification
    • Guidebooks
    • Coaching
  • Blog
    • Video Blogs
    • COVID-19 / Coronavirus Pandemic
  • Login
  • About
  • Contact
  • Privacy

How the Experience Modification Factor Affects Workers Comp Costs

2023-02-28 By //  by Michael Stack

Current Status
Not Enrolled
Price
$129.00
Get Started
orLogin

ALREADY ENROLLED? Click the small blue “Login” link above, near the big blue “BUY THIS COURSE” button. Red Arrow Pointing Up

Course Description

The experience modification factor is a snapshot assessment of risk for an insurance carrier. In guaranteed cost programs it is a primary factor in the pricing of workers’ comp premiums, and this formula is key to understanding how injury management best practices result in lower costs. For high deductible and self-insured employers, the experience mod offers a simple benchmark which can be leveraged for greater program insight.

In this training you will learn…

– how to speak in simple language about the complex mod formula with clients or senior management
– what elements of workers’ comp claim costs actuaries view as most important
– how changes in claim outcomes affect premium pricing
– the simple formula to calculate your minimum experience mod
– the impact of one claim on your experience rating

And more…

WC Mastery Outline - Emod

Course Content

Introduction
Lesson 1 – Key to Mod Formula Is Relationship of Numbers (4:56)
Section 1
Lesson 2 – Foundational Definitions and Concepts (18:27)
Lesson 3 – Frequency vs Severity (18:46)
Part 1 Quiz 1 Quiz
Expand
Lesson Content
EMod: Quiz Part 1
Section 2
Lesson 4 – The Mod Formula & Relationship of the Numbers (13:14)
Part 2 Quiz 1 Quiz
Expand
Lesson Content
EMod: Quiz Part 2
Section 3
Lesson 5 – Leverage Mod to Lower Costs (11:13)
Part 3 Quiz 1 Quiz
Expand
Lesson Content
EMod: Quiz Part 3
  • Home
  • Training Center
  • Search
  • Membership
  • Products
  • Blog
  • About
  • Contact
  • Subscribe
  • Login
Copyright © 2023 Amaxx, LLC. All Rights Reserved. · Privacy Policy / Legal Notice
Login
Accessing this course requires a login. Please enter your credentials below!

Lost Your Password?