Tag: experience modification factor

Back to Basics: Understanding Your Workers’ Compensation Responsibilities

Back to Basics is a weekly feature that highlights important but possibly overlooked information that any EHS professional should know. This week, we examine the ins and outs of workers’ compensation claims. In your safety and health responsibilities, workers’ compensation claims are the flipside of regulatory compliance. Occupational Safety and Health Administration (OSHA) compliance officers can […]

EHS manager, calculations, experience modification, management, data

Do You Understand Your Experience Modification Factor?

An experience modification factor is the ratio of the costs of a company’s actual workers’ compensation claims compared to the expected costs for companies of similar size in the same industry. The number is highly significant to employers—lower is better—because the experience modification factor determines workers’ compensation premiums.