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 ...Read More »
How is Workers Compensation Insurance Premium Calculated?
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 ...Read More »
Workers Compensation | Stop-Work Orders
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 ...Read More »
Workers Compensation for the Construction Industry
Work Comp is often a higher priority for construction companies. Rates generally tend to be high. Unfortunately, not many insurance carriers are interested in issuing work comp policies for these construction employers. WorkCompQuotes.com helps all ...Read More »
Are You Confused by Class Codes?
The hallmark of Workers Compensation Insurance is the classification code system. Over 700 class codes exist. The system was designed to differentiate the risk associated with each specific job category. For example, clerical office employees ...Read More »
Hello and Welcome to WorkCompQuotes.com
Welcome to our new website! This site is built to be a helpful tool for our customers and visitors. WorkCompQuotes.com is a website powered by Work Comp Brokers, Inc. Our mission is two-fold: Educate you about the workers ...Read More »