How to Understand Your Experience Rating Worksheet Webinar on Demand walks you through the elements of an experience rating worksheet and the formulas used. Follow along as each element is explained. Revised in 2015.
You will learn about:
- How expected losses for each classification are determined
- What Expected Loss Rates and Discount Ratios are
- How to determine expected losses and how actual losses are used in the calculation
- Additional factors that are calculated along with the mod factor