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About NCCI—NCCI Facts & Information

 NCCI Services 

Workers Compensation Premium
Insurance is essentially the spreading, or sharing, of the cost of a loss by members of a group who are likely to experience the loss.
Posted Date: January 27, 2014

Ratemaking: Essential Steps for Ensuring Rate Adequacy
Proper workers compensation ratemaking aimes to achieve a simple insurance result-that insurers who write workers compensation insurance in a give state will collect adequate premium to cover the risk, or will at least have adequate loss cost information.
Posted Date: January 16, 2014

Classification System
The establishment and maintenance of comprehensive, accurate classification system is essential to the proper operation of workers compensation insurance.
Posted Date: January 16, 2014

NCCI's Data Collection Capabilities
NCCI has been collecting detailed information on workers injuries and illnesses for more than 80 years.
Posted Date: January 16, 2014

NCCI's Experience Rating Plan
NCCI's Experience Rating Plan represents the leading method for adjusting premium costs to reflect the unique claims experience of each eligible individual employer relative to other employers within the same industry group.
Posted Date: January 16, 2014

Residual Market Administration
NCCI's workers compensation expertise is further augmented by its role as provider of administrative services to various state workers compensation residual market plans and reinsurance pooling mechanisms.
Posted Date: January 16, 2014

Overview-Residual Market Plans and Pools
When voluntary market coverage is not available to the employer, the market of last resort, the residual market is available.
Posted Date: January 16, 2014