Experience Modifiers Modified! Will you be paying more?

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NCCI (National Council on Compensation Insurance) has recently changed the way it calculates its experience modifiers which could mean increased costs for you.  The primary/excess split has been increased to $10,000 for 2013 and by 2015 and each subsequent year, it will start at $15,000 with an inflationary index.  The most affected employers will be those with poor loss histories and high severity claims. 

Are you concerned with your potential increase in premium?  Are you concerned with how this will affect your organization? If you answered yes to either of these questions, now would be the time to contact RCM&D’s Risk Consulting Division to discuss ways in which we can assist you with your risk management programs. 

For additional details regarding these recent NCCI changes, please see the links below.  For Risk Consulting information, please contact Stacey Markel at smarkel@rcmd.com. 

NCCI On-Demand Webinar on the recent changes to premium calculations (8 minutes)

Business Insurance Article

NCCI (National Council on Compensation Insurance)

Connect with Stacey Markel on LinkedIn

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