Experience Rating Review & Modification

Stop Claims Employer Services

An Experience Rating (also known as an Experience Factor) is a calculation derived from an employer’s claim cost history over a three year period.

An Experience Rating (also known as an Experience Factor) is a calculation derived from an employer’s claim cost history over a three year period.

New companies are given a base factor of 1.00000. After about 18 months, a company will receive an updated experience rating based on how many claims were reported. If an employer has good claim performance, their rates will be reduced over time and they will receive a discount on their premiums. If an employer has poor claim performance and costly claims, the rate will be increased and the employer will pay a surcharge on their premiums.

The key to keeping the experience rating down is claims management and cost containment (thats our expertise).

Our services include risk class evaluation, experience rating re-classes, and experience modification recalculation. We’ll help you navigate experience rating issues, and in some cases, can even get you refunds.

Claims can easily skew your Experience Rating Review when made against your company. Our team is experienced in disproving false claims to keep these untrue accusations from hurting your business.