US Compliance Corp Shares Importance of Experience Modification Rate and Workers Comp Claims
Experience Modification Rate (EMR) is a number used by insurance companies to gauge both past cost of injuries and future chances of risk. The lower the EMR, the lower worker compensation insurance premiums. An EMR of 1.0 is considered the industry average. An EMR greater than 1.0 means there has been a worker's compensation claim that an insurance provider paid. To mitigate the insurance company's risk, worker's compensation premiums increase and the increased EMR sticks with manufacturer for three years.
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