The Experience MOD Factor- Are you confident that yours is correct?

Written by Shannon Nicol MWCA, CWCA, WCCA

Workers’ Compensation Specialist

The majority of my position involves helping our clients in the New England Comp Advisor Program (NECA) manage their workers’ compensation claims. Proper claims management is the key to protecting your experience modification (MOD) rating.

Recent changes in the split-point formula for calculating a MOD rating are forcing businesses to take a closer look at their MOD and be more careful in monitoring open claim reserves. The NECA program was designed to do that for our clients. A business should actively manage their workers’