Vocational Trends Claims Cost Control

Experience Modification Factor
Over 80% of California businesses are subject to an Experience Modification Factor on their workers’ compensation policy which can substantially increase the amount of the premium you pay. Frequency, duration & severity of any and all claims and their associated expenses will have an impact on this factor. Every dollar spent on the claim’s costs listed below will cause your modification factor to increase; as a result, so will the renewal premium you pay every year. An aggressive and effective Return to Work Program will reduce these costs resulting in a lower modification rate factor and a lower adjusted annual premium for your company.

Claims Costs Include But not Limited to:
Medical Payments
Temporary Disability Payments: Up to $ 1539.71 per week or $80,000 per year for up to 2 years.
Permanent Disability Payments/Settlements
Job Displacement Voucher Benefits