In a previous post we discussed how changes in the way experience modifiers are calculated could affect your premium especially if you are an employer with several large losses in the past four years. If you fall into this category
Changes in the Way Work Comp Experience Modifiers are Computed Could Have a Big Impact on Your Business
The National Council on Compensation Insurance (NCCI) is phasing in a new way to calculate Experience Modifiers that will have a big impact, especially for companies that have recently suffered large workers compensation losses. An Experience Modifier is an adjustment
Rating Auto Insurance
Every state requires that a vehicle owner show that they have proof of financial responsibility for an accident they cause. This can be handled by posting a bond, but typically owners apply for insurance coverage. There are two important types