Risk
Business

Impact of Experience Modification Ratings on Contractors

In some states, the holy grail of experience mods is 1.00 or less. If the mod is higher, talk to the insurance broker to identify factors other than losses that may be driving up the rate.
By Jose Suarez
January 30, 2018
Topics
Risk
Business
by Jose Suarez
Jose Suarez specializes in property and casualty insurance with a focus on construction, real estate and manufacturing companies. With more than 14 years of experience, Jose works closely with his clients to fully understand their specific needs and find opportunities for premium savings and risk management solutions. 

Related stories

Risk
Well-Insulated: Predict the Unpredictable Construction Costs Cover Art

Well-Insulated: Predict the Unpredictable Construction Costs

By Jill Masur
Contractors may need to revisit some of the processes in their accounting and financial operations. Here are six strategies for construction companies to insulate against cost increases and mitigate financial risks.
Risk
Wildfires, Silica Exposures and ESG-Friendly Solutions Cover Art

Wildfires, Silica Exposures and ESG-Friendly Solutions

By David Rios
Wildfires can carry along with them hidden dangers lurking in their smoke that may pose a risk to your workforce.
Risk
How Insurers Lead the Way for Power Generation and Electrical Distribution Projects Cover Art

How Insurers Lead the Way for Power Generation and Electrical Distribution Projects

By Chris Fancher
As energy solutions grow, so do energy storage needs and the demand on the power grid. Insurers have to evolve with the infrastructure.

Follow us




Subscribe to Our Newsletter

Stay in the know with the latest industry news, technology and our weekly features. Get early access to any CE events and webinars.