Assistance for Businesses with High Ex Mods
Don’t let high ex-mods get in your way of finding the coverage you need to protect your business and your employees! Experience modifiers, or ex-mods, are used by insurance companies to look at a company’s past incidents and future risks. A business’s ex-mod is determined by looking at factors like past injuries, previous Workers’ Compensation claims, and data like class codes and payroll. High ex-mods are most frequently seen in industries that are considered to be high-risk, like manufacturing, recycling, construction, and temporary staffing.
If your business has a high ex-mod, it can lead to a variety of Workers’ Compensation complications.
- Limited coverage options. If your business has a high ex-mod, insurance providers may see you as high risk and be reluctant to offer the coverage you need to protect your business and your employees. This reduces your coverage options and makes it difficult to find affordable, suitable Workers’ Compensation coverage.
- Higher premiums. Along with reduced options, having a high ex-mod will also likely mean higher premiums. This can strain your budget or make you feel forced to select a cheaper option that doesn’t meet all your needs.
- Inadequate support. As a business with a high ex-mod, it can also be difficult to find an insurance provider who is willing to help you navigate the complex world of Workers’ Compensation coverage.
When high ex-mods lead to challenges like these, it can be difficult and frustrating. At Work Comp Business Insurance Solutions, we understand these challenges—and know that all businesses need the right Workers’ Compensation fit. This is why we specialize in helping businesses with high ex-mods.
We’re more than just an insurance provider. We’ll act as your partner in protecting your business and your employees, giving you access to benefits like:
- Our extensive network of insurance carriers, which we’ll leverage to help you find coverage tailored to your unique needs
- Risk assessment and mitigation to improve workplace safety, reduce injuries, and lower your ex-mod
- Our vast expertise and industry knowledge, which we’ll use to help you find comprehensive coverage, competitive pricing, and personalized solutions for your business
- Ongoing advocacy and support throughout your policy term
- Other product options, including HR support, payroll processing, and more
If your business struggles with high experience modifiers, let us put our expertise and industry connections to work for you! We’re committed to helping your find the ideal coverage for your business, even if you struggle with high ex-mods.
At Work Comp Business Insurance Solutions, we help business owners find the best Workers’ Compensation and payroll solutions.
