What to Know About Your Experience Modification Rate

Written by on 7/5/2017 2:00 AM in , , . It has 1 Comments.

Your experience modification rate, or EMR, is about more than your company’s annual insurance costs. Most don’t even know what their EMR is…. But coming to know EMRs a bit better could protect your reputation, and will definitely protect your bottom line.

What does your EMR really mean?
Your EMR is a numeric representation of your business’ claims history and safety record compared to others in your industry, within the same state of operation.

Breaking down the numbers:

  • >1 – Your company is riskier than average.
  • =1 – Your company is no more/less risky than others.
  • <1 – Your company is safer than average.

How is EMR calculated?
The most basic breakdown of your EMR is ACTUAL CLAIMS ÷ EXPECTED CLAIMS. But true calculations are much more complex. Agencies also factor in past data reported to the National Council on Compensation Insurance, as well as additional data from NCCI’s EMR worksheet. Most important are amount(s) and type(s) of incident(s), and money paid out as a result.

How This Affects Your Premium
Combined with other factors such as job code and payroll, if your calculated EMR was 1.25, you’d pay 25% more for workers comp premiums than other companies in your sector. If it’s lower, 0.80, you’d pay 20% less on average.

How Can I Lower it?
In a word: Safety. Instilling a ‘culture of safety,’ beginning with a realistic safety plan containing actionable steps for improvement, such as on-the-job safety training and PPE, is necessary to reduce incidents, thus lowering your EMR over time.

Ready to lower those experience modification rates? The workers comp insurance consultants at Minnesota Comp Advisor are here to help.

Comments

Got something to say? Join the discussion »
  1. changhon62's avatar changhon62
    http://www.nikeair-max.co.uk/ nike air max
    http://www.pandora--rings.us.com/ Pandora Charms
    http://www.burberry--scarf.us.com/ burberry handbags
    http://www.pumarihannafenty.us.com/ fenty puma shoes
    http://www.monclers.uk/ moncler jacket
    http://www.redbottom--shoes.us.com/ louboutin
    http://www.bvlgaris.us.com/ bulgari jewelry
    http://www.kyrie-4.us.com/ kyire 4
    http://www.balenciaga--shoes.us.com/ balenciaga women
    http://www.ugg--slippers.us.com/ ugg boots
    http://www.nike-huaraches.us.com/ huarache shoes
    http://www.balenciagas-sneakers.us.com/ balenciaga
    http://www.monclerjacketmens.us.com/ moncler jacket womens
    http://www.asicss.us.com/ asics outlet
    http://www.chrome--hearts.us.com/ chrome hearts bracelet
    http://www.pandora-charmsjewelry.us.com/ pandora
    http://www.adidas-superstarshoes.us.com/ adidas originals superstar
    http://www.ray--ban.us.com/ ray ban aviator sunglasses
    http://www.ralphlauren--polo.us.com/ ralph lauren outlet
    http://www.mcm--bags.us.com/ mcm backpack
    http://www.airmax270.co.uk/ nike air max
    http://www.katespade--outlet.us.com/ kate spade outlet
    http://www.adidasnmds.co.uk/ adidas nmd
    http://www.jordan11.co.uk/ jordan 11 space jam
    http://www.birkenstocksandalssale.us.com/ birkenstock
    http://www.valentino--shoes.us.com/ valentino shoes
    http://www.mbts.us.com/ mbt mens shoes
    http://www.goyardbag.us.com/ goyard tote
    http://www.supreme--clothing.us.com/ supreme clothing
    http://www.yeezyboost350shoes.us.com/ yeezy boost 350 v2
    http://www.pandoraearrings.us.com/ pandora rings
    http://www.ultra--boost.us.com/ ultra boost mens
    http://www.james-hardenshoes.us.com/ harden vol 1
    http://www.burberrys.org.uk/ burberry handbags
    http://www.airmax90shoes.us.com/ nike air max 90
    http://www.adidasyeezys.org.uk/ yeezy
    http://www.kevin-durant-shoes.us.com/ kd shoes
    http://www.ferragamoshoess.us.com/ ferragamo
    http://www.pandorauk.us.com/ pandora bracelet
    http://www.pandoras-jewelrys.us.com/ pandora charms
    http://www.prada--bags.us.com/ prada purse
    http://www.jimmychooheels.us.com/ jimmy choo heels
    http://www.hermesbirkin-handbags.us.com/ Hermes Birkin Bags
    http://www.prada--handbags.us.com/ prada bags
    http://www.lebron15-shoes.us.com/ basketball shoes
    http://www.uggs-forwomen.us.com/ uggs for women
    http://www.montblancs.us.com/ mont blanc pens
    http://www.kd10-shoes.us.com/ kd shoes
    http://www.ed-hardys.us.com/ ed hardy shirt
    http://www.ralphlaurenspoloshirts.us.com/ polo ralph lauren
    http://www.stephen-curry-shoes.us.com/ curry 4 shoes
    http://www.fitflops-sale.us.com/ fitflop
    http://www.goyardbackpack.us.com/ goyard backpack
    http://www.skechersuk.co.uk/ skechers outlet
    http://www.salomonspeedcross3.us.com/ salomon xa pro 3d
    http://www.nikeairmax-95.us.com/ air max 95 black
    http://www.under-armour-shoes.us.com/ under armour outlet
    http://www.swarovskis.us.com/ swarovski
    http://www.jordans11shoes.us.com/ air jordan
    http://www.nike--shoes.co.uk/ nike air max 90
    http://www.rayban--glasses.us.com/ ray ban eyeglasses
    http://www.redbottoms-louboutin.us.com/ christian louboutin
    http://www.skechers--shoes.us.com/ skechers shoes
    http://www.coach--bags.us.com/ coach outlet
    http://www.jordanretro11-shoes.us.com/ jordan shoes
    http://www.adidasnmdrunnerr1.us.com/ yeezy boost 350
    http://www.pandorajewelryscharms.us.com/ pandora jewelry official site
    http://www.nikeairmax270.org.uk/ nike air max 90
    http://www.longchampbag.us.com/ longchamp
    http://www.nike-airmax-2018.us.com/ air max
    http://www.nikeair-max90.co.uk/ air max 90
    http://www.louboutinredbottoms.us.com/ louboutin shoes
    http://www.truereligion--jeans.us.com/ true religion jeans men
    http://www.yeezyboost350v2.co.uk/ yeezy shoes
    http://www.mcms.us.com/ mcm bags
    http://www.supremeshirt.us.com/ supreme shoes
    http://www.nikeairmax97.co.uk/ nike shoes
    http://www.monclerjacket.org.uk/ moncler jacket
    http://www.pandorajewelryrings.us.com/ pandora jewelry
    http://www.true--religion.us.com/ true religion sale
    http://www.moncler-coat.us.com/ moncler sale
    http://www.burberry-bags.us.com/ burberry wallet
    http://www.mulberrys.org.uk/ mulberry handbags
    http://www.air-max-95.us.com/ air max 95
    http://www.northface-jacket.us.com/ womens north face jacket
    http://www.pandoras-uk.co.uk/ pandora charms
    http://www.mulberry-handbags.us.com/ mulberry handbags
    http://www.uggsformen.us.com/ ugg boots
    http://www.salvatore-ferragamo.us.com/ ferragamo
    http://www.uggs--boots.us.com/ uggs for men
    http://www.pandora-jewelrysale.us.com/ pandora charms
    http://www.northfacejacketoutlets.us.com/ north face outlet
    http://www.swarovskisjewelry.us.com/ swarovski
    http://www.nikekdshoes.us.com/ kd shoes
    http://www.longchampbackpack.us.com/ longchamp handbag
    http://www.adidasoriginalsultraboost.us.com/ adidas ultra boost
    http://www.rayban-glasses.us.com/ ray ban
    http://www.salomonshoes.co.uk/ salomon shoes
    http://www.new--balance.us.com/ new balance golf shoes
    http://www.celines.us.com/ celine,celine bag
    http://www.fitflopsshoes.us.com/ fitflop sandals
    http://www.barbourjackets.co.uk/ barbour jacket
    http://www.nikelebron15.us.com/ lebron
    http://www.nikeairmax-90.us.com/ nike air max
    http://www.air-max-90.us.com/ air max 90
    http://www.vapormaxs.us.com/ nike air vapormax
    http://www.katespadepurses.us.com/ kate spade handbags
    http://www.nikeairvapormaxflyknit.us.com/ nike air force 1
    http://www.asics--shoes.us.com/ asics womens shoes
    http://www.jordan--11.us.com/ air jordan
    http://www.katespadebags.us.com/ kate spade wallet
    http://www.oakley--glasses.us.com/ oakley eyeglasses
    http://www.nikeairmax-97.us.com/ nike air max 97
    http://www.polo-ralph-lauren.org.uk/ ralph lauren shirts
    http://www.airmax95.co.uk/ nike air max 90
    http://www.adidasnmd-womens.us.com/ adidas nmd womens
    http://www.michael-kors-bags.us.com/ michael kors outlet
    http://www.curry4-shoes.us.com/ stephen curry shoes
    http://www.salomon-boots.us.com/ salomon
    http://www.airmax-2018.us.com/ air max 2018
    http://www.fitflop--shoes.us.com/ fitflop uk
    http://www.airjordan11spacejam.us.com/ jordan shoes
    http://www.huaraches.us.com/ nike huarache
    http://www.oakley--sunglassess.us.com/ oakley sunglasses
    http://www.pandora--jewelrys.us.com/ pandora earrings
    http://www.skecherss.us.com/ skechers outlet
    http://www.nike--vapormax.us.com/ nike air vapormax flyknit
    http://www.coachbags-outlet.us.com/ coach handbags
    http://www.adidasyeezy-350.us.com/ yeezy
    http://www.kyrie-irving-shoes.us.com/ kyrie 4
    http://www.polo-ralphlauren-outlet.us.com/ ralph lauren
    http://www.hermes--belt.us.com/ hermes belt
    http://www.barbours.org.uk/ barbour jacket
    http://www.christianlouboutinredbottoms.us.com/ christian louboutin
    http://www.ray--bansunglassess.us.com/ ray ban prescription sunglasses
    http://www.monclerjacketwomens.us.com/ moncler jacket womens
    http://www.cartier-bracelet.us.com/ cartier jewelry
    http://www.salomon--shoes.us.com/ Salomon Boots
    http://www.chromehearts-jewelry.us.com/ chrome hearts bracelet
    http://www.adidas-yeezy-shoes.us.com/ Yeezy Boost 350
    http://www.air-max-270.us.com/ nike air max 270 women
    http://www.adidasoriginalsnmd.us.com/ nmd
    http://www.yeezyboost350--v2.us.com/ yeezy boost 350 v2
    http://www.lacosteshirts.us.com/ lacoste shirts
    http://www.birkenstock--sandals.us.com/ birkenstock shoes
    http://www.pandora-jewelrybracelet.us.com/ pandora jewelry
    http://www.pandorasjewelry.co.uk/ pandora charm
    http://www.fitflop--sandals.us.com/ fitflop shoes
    http://www.jordan11spacejams.us.com/ space jam 11
    http://www.air-max-97.us.com/ air max 97 womens
    http://www.nike-airmax270.us.com/ air max
    http://www.eccoshoesoutlets.us.com/ ecco boots
    http://www.adidas-ultraboost.us.com/ yeezy boost
    http://www.chromeheartsjewelrys.us.com/ chrome hearts t shirt
    http://www.adidas--shoes.co.uk/ adidas shoes
    http://www.adidas-yeezyboost350.us.com/ yeezy boost 350
    http://www.michaelkors-handbagss.us.com/ michael kors
    http://www.moncler--jacket.us.com/ moncler jacket mens
    Reply 7/31/2018 7:19 PM

Leave a Reply

 [Quick Submit with Ctrl+Enter]

Remember my details
Notify me of followup comments via e-mail