What is an Experience Modification and Why Does it Cost Me So Much Money?

Anyone who has the “privilege” of handling a Business’ workers’ compensation program has probably heard of an Experience Modification (X-Mod, E-Mod or Mod’s as they are often referred to), but many do not know what it is or what function it serves in a workers’ compensation program.  Today I will give you some clarity on the subject of X-Mod’s.

An X-Mod is a factor that compares your Business’ Workers’ Compensation claims history to the claims history of a business that maintains a similar payroll within the same industry.  If this explanation