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MOD is short for Experience Rating Modification. A MOD is a multiplier or a “score” applied to the premium of a qualifying work comp insurance policy and provides an incentive for accident prevention. The MOD ...

Work Comp premium is based on a fundamental math formula:                                     Total Yearly Payroll      x     Base Rate(s)  =  Estimated Yearly Work Comp Premium                                              100 Please note that the workers comp premium is sometimes adjusted ...

States conduct investigations, interviewing individuals, questioning employees, and inspecting company files to determine if the company is in violation of any state statutes.  If yes, then a stop-work order is issued. A stop-work order notice ...