Get Familiar With the ABCs of Experience Rating
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ABCs of Experience Rating (PDF)
This valuable resource offers a detailed explanation of experience rating and how it affects your workers compensation costs. It also explains what data is used in experience rating and how a mod is calculated.
You'll discover essential information such as:
- Purpose and benefits of experience rating
- How the Experience Rating Plan operates
- Qualifications for experience rating
- Definitions of intrastate and interstate modifications
- Types of statuses—preliminary, final, and contingent
- How the experience modification affects premium
- Components and calculation of the worksheet
- Ownership changes that affect experience rating
