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Workers Compensation and Experience Mod

Workers compensation pays medical bills and lost wages for employees injured on the job. The experience mod adjusts your premium based on your actual claims history compared to industry peers.

Workers comp pays medical bills and lost wages for employees injured on the job. Experience mod (or mod) is a multiplier comparing your claim history to industry peers. Example: a roofing contractor with a 1.25 mod pays 25 percent more than the baseline. A clean three-year record can drop the mod to 0.85, cutting premiums significantly on a large payroll.