Why Should You Attend:
This webinar will cover what employers need to know about experience rating. Attendees will learn the most important date of their workers’ compensation policy year. What is your minimum mod and how can you get closer to it? How can you more effectively manage your experience mod so that it is as low as it can be every year? Participants will also learn about simple red flags to look for on their experience mod that may indicate an error has been made.
At the end of the webinar, attendees will be armed with the knowledge they need to reduce their experience mod and make better decisions when purchasing workers’ compensation.
Areas Covered in the Webinar:
The opportunities for employers when they understand their experience mod
The critical importance of the valuation date
Understand how to discover how much excess capital you have locked up in your experience modification
How to calculate the minimum mod and a plan to get there
The importance of keeping claims medical only
How to find errors on the experience mod worksheet
This webinar will cover what employers need to know about experience rating. Attendees will learn the most important date of their workers’ compensation policy year. What is your minimum mod and how can you get closer to it? How can you more effectively manage your experience mod so that it is as low as it can be every year? Participants will also learn about simple red flags to look for on their experience mod that may indicate an error has been made.
At the end of the webinar, attendees will be armed with the knowledge they need to reduce their experience mod and make better decisions when purchasing workers’ compensation.
Areas Covered in the Webinar:
The opportunities for employers when they understand their experience mod
The critical importance of the valuation date
Understand how to discover how much excess capital you have locked up in your experience modification
How to calculate the minimum mod and a plan to get there
The importance of keeping claims medical only
How to find errors on the experience mod worksheet
Speakers
A licensed P&C agent, Kevin Ring has an affinity for making the technical simple, be it insurance or computers. He is especially adept at unraveling ex-mods and audits and classification clarifications.His plain speak approach is the key whether he is presenting at a Certified WorkComp Advisor Institute, giving workshops for employers, or presenting teleclasses for insurance agents. His technical workers’ comp skills have helped Certified WorkComp Advisors through sticky situations (including analyzing a 68 page mod sheet) and he’s constantly working with advisors to deepen their knowledge of the Institute process.
Mr. Ring has analyzed more than 500 experience mod worksheets, finding and fixing errors for CWCAs and their clients. Because of his experience working with advisors and analyzing mods, he designed and directed the development of ModIMPACT, IWCP’s mod analysis tool which helps you better understand the mod, how it impacts premium costs and how to keep it under control. It is a quick, simple and powerful way to analyze a mod and communicate the results.
