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cALCULATE YOUR MINIMUM MOD, CONTROLLABLE PREMIUM, AND THE REVENUE IMPACT
WIN NEW CLIENTS USING THE EXPERIENCE MOD
The lowest possible mod or
minimum mod is the experience
modification factor an employer
would have if there were zero losses
during the experience period (typically
three years, reference Years Included In
Current Year Mod Calculation below.)
This minimum mod is also known as
the loss-free rating.
Win new clients by learning how to calculate your prospect's minimum experience mod, controllable premium & the revenue impact:
Calculating The Minimum Mod -The minimum mod is calculated by dividing the Stabilizing Value by the Expected Total on an NCCI rating worksheet.
Controllable Mod & Controllable Premium. The controllable mod is the difference between a company’s current mod and its minimum mod.
Revenue Impact - Once the controllable premium has been calculated, use the Sales to Pay for Accidents Formula to calculate the impact on company revenue.
Sale to Pay for Accidents formula - Incurred Losses (or Controllable Premium)/Incurred Losses
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