Does my company’s accident record affect my premium?

Yes. Your ability to control workplace accidents can affect your insurance premium. When you apply for Workers Compensation insurance, we can perform a Workers Compensation Claims Review. We review insurance company reserving practices, because every dollar of overstated reserves will ultimately find its way into your Experience Modifier. If your safety record is better than the average for your industry, your premium could be decreased. Worse than average loss history could result in increased premium.

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